Ramaco Resources initial beneficial ownership filing shows Discovery Capital Management stake
METC•Discovery Capital Management files Form 3 as 10% owner
Discovery Capital Management filed a Form 3 as a 10% owner of Ramaco Resources on Aug. 10, citing an Aug. 5 event date.
The indirect stake reported included 5,311,360 shares of Class A common stock and 128,930 shares of Class B common stock.
The filing also disclosed derivative exposure through an equity swap tied to 1,978,779 Class A shares.
Discovery Capital Management also reported a 0% Convertible Senior Notes position of $27 million due Nov. 1, 2031, with a conversion price of $32.74.
