Gulfport Energy Corporation announced the completion of the redemption of its Series A Convertible Preferred Stock on September 5, 2025. This action signifies a simplification of the company's capital structure.
The company redeemed a total of 2,449 shares of Preferred Stock. The aggregate redemption value for these shares amounted to approximately $31.3 million, which included all accrued and unpaid dividends through the redemption date.
Following this transaction, no shares of Series A Convertible Preferred Stock remain outstanding. This move eliminates a class of securities, which can enhance financial clarity and remove potential sources of dilution for common stockholders.
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