Crescent Energy to Increase Public Float to 46% Through Conversion of Class B Private Shares
KKR Remains a Long-Term Investor with Existing
Crescent CEO David Rockecharlie said, “We are proud of the capital markets progress we’ve made since becoming a public company just over eighteen months ago. Today’s announcement is in-line with our strategic goals and increases our public float, enhances our trading liquidity profile and continues the path to simplifying our structure. We believe these benefits will positively impact both our legacy private and public investors and further highlight the fundamental value of our business.”
About Crescent Energy Company
Crescent is a well-capitalized,
Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current expectations, including with respect to the Class A Conversion. The words and phrases “should”, “could”, “may”, “will”, “believe”, “plan”, “intend”, “expect”, “potential”, “possible”, “anticipate”, “estimate”, “forecast”, “view”, “efforts”, “goal” and similar expressions identify forward-looking statements and express the Company’s expectations about future events. All statements, other than statements of historical facts, included in this communication that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the Company’s control. Consequently, actual future results could differ materially from expectations. The Company assumes no duty to update or revise its respective forward-looking statements based on new information, future events or otherwise.
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Emily Newport
IR@crescentenergyco.com
Source: Crescent Energy