Sitio Royalties stockholders approve merger with Viper Energy

Sitio Royalties (STR) announced that, at a special meeting of Sitio stockholders, the stockholders of the Company approved the previously announced merger between Sitio and Viper Energy (VNOM). The Merger is anticipated to close on August 19, 2025. As previously announced, Sitio stockholders are entitled to receive 0.4855 shares of Class A common stock of New Cobra Pubco for each share of Sitio Class A common stock owned. Sitio Royalties Operating Partnership unitholders are entitled to receive 0.4855 common units representing limited liability company membership interests in Viper Energy Partners for each unit in Sitio Opco owned, along with 0.4855 shares of New Viper Class B common stock for each unit in Sitio Opco owned. Each share of Sitio Class C common stock owned will be canceled for no consideration and cease to exist. Sitio Class A common stock will be suspended from trading on the New York Stock Exchange prior to market open on August 19, 2025.