Mach Natural Resources (MNR) shares fell 9.5% pre-market as Kayne Anderson offers up to 8 million unregistered shares at $11.60-$11.90 each, a discount to the previous close. Morgan Stanley is managing the trade. This offering occurs while MNR faces high debt and exposure to weak natural gas prices.
Mach Natural Resources holder to offer shares for up to $11.90 each - Bloomberg
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