Thu Sep 12 00:39:00 UTC 2024: ## Viper Energy Announces $425 Million Stock Offering to Fund Acquisition

**MIDLAND, TEXAS – September 11, 2024** – Viper Energy, Inc. (NASDAQ: VNOM) today announced the successful pricing of a public offering of 10 million shares of its Class A common stock at $42.50 per share. The offering, which was upsized from the originally proposed 8.5 million shares, will generate approximately $413.7 million in net proceeds for Viper, with the potential to reach $475.9 million if underwriters exercise their full option to purchase an additional 1.5 million shares.

Viper intends to use the proceeds, along with existing cash and borrowings, to finance a portion of the cash consideration for its pending acquisition of certain subsidiaries of Tumbleweed Royalty IV, LLC, a deal previously announced by the company.

The offering is expected to close on September 13, 2024, subject to customary closing conditions. Goldman Sachs & Co. LLC, BofA Securities and Truist Securities are acting as joint book-running managers for the offering.

Viper Energy is a publicly traded company that specializes in acquiring and owning mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin.

**Disclaimer:** This is a summary of the press release and does not include all details. Investors should consult the full prospectus and related documents for complete information.

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