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Infinity Natural Resources (NYSE: INR) has announced that its leadership team, including President and CEO Zack Arnold and EVP and CFO David Sproule, will ring the NYSE closing bell on Tuesday, February 11, 2025, at 4:00 p.m. EST. The ceremony commemorates the company's successful initial public offering, which closed on February 3, 2025.
The bell ringing ceremony will be viewable on the NYSE website. Arnold expressed gratitude for the successful IPO and emphasized the company's commitment to creating long-term value through their value-focused operating model in the Appalachian region.
Infinity Natural Resources (NYSE: INR) announced the full exercise of the over-allotment option by its IPO underwriters. The underwriters purchased an additional 1,987,500 shares of Class A common stock at the IPO price of $20.00 per share, generating net proceeds of $37,365,000 for Infinity. This follows the company's previous IPO of 13,250,000 shares.
The over-allotment exercise closed on February 6, 2025. The offering was managed by multiple financial institutions, with Citigroup, Raymond James, and RBC Capital Markets serving as joint book-running managers, alongside BofA Securities, Capital One Securities, and Truist Securities.
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