Magnolia Oil & Gas Corp.
Description
Magnolia Oil & Gas Corp. has commenced an exchange offer and consent solicitation relating to its outstanding warrants. The purpose of the offer and consent solicitation is to simplify the company’s capital structure and reduce the potential dilutive impact of the Warrants.
Until the expiration date, the company is offering to holders of its warrants the opportunity to receive 0.29 shares of Class A common stock, par value $0.0001 per share of the company in exchange for each of the outstanding warrants tendered by the holder and exchanged pursuant to this offer.