WhiteHawk Minerals Corp. Launches $100 Million Series F Preferred Stock Offering

Key numbers

Deal value	$100M
Share of market cap	13.9%

Key highlights

• Public offering of up to 100,000 Series F Redeemable Preferred shares at $1,000.00 each
• Cumulative annual dividend rate fixed at 7.5% of the stated value
• Preferred Capital Securities, LLC acting as agent on a best-efforts basis
• Company retains optional redemption rights starting one year after issuance
• Total capital raise target of $100.0 million to support mineral asset operations

What Is the Capital Raise?

WhiteHawk Minerals Corp. is conducting a public offering of up to 100,000 shares of Series F Redeemable Preferred Stock at a par value of $0.0001 per share. The offering price is set at $1,000.00 per share, with the company engaging Preferred Capital Securities, LLC as the dealer manager. Under the agreement, the agent will utilize its best efforts to sell the shares, which are not currently listed on a national securities exchange. The offering includes a 2.5% dealer manager fee and a 5.5% selling commission, though some commissions may be reduced or eliminated for specific sales categories depending on the subscription terms.

Redemption and Dividend Structure

• Holders may redeem shares at any time prior to exchange listing, subject to early redemption fees.
• The company retains an option to redeem shares starting one year after the issuance date.
• Dividends accrue at a fixed annual rate of 7.5% on the stated value of $1,000.00 per share.
• Participating FINRA broker-dealers may receive reallowed marketing fees from the dealer manager.
• Redemption requests require not more than 90 calendar days of written notice to the company.

Strategic Rationale

This $100 million raise follows a sequence of capital markets activity aimed at scaling WhiteHawk’s asset base. According to recent disclosures from StockTitan and BusinessWire, the company recently secured a $175 million credit facility borrowing base and closed a $75 million private placement of common stock. This Series F offering provides a tiered capital layer that balances debt and common equity, supporting the company's mineral and royalty interest acquisition strategy. By utilizing a best-efforts preferred stock structure, WhiteHawk secures flexible funding to execute on its operational development backlog, which recently included 245 wells in process across acquired acreage.

Business Overview

WhiteHawk Minerals Corp. operates as an energy company focused on the acquisition and management of mineral and royalty interests in the United States. Based in Philadelphia, the firm targets natural gas and oil production assets, specifically within midstream-integrated regions. As of late 2026, management guidance via Trefis suggests post-IPO acquisitions are projected to contribute approximately $17 million in incremental cash flow by 2027. The business model prioritizes cash flow distribution, with a target payout of at least 75% of cash available for distribution to support its annualized common stock dividend rate of $2.00 per share.

Financial Context

• Market capitalization stands at approximately $720.0 million following the June 2026 IPO.
• Annual revenue reached $73.18 million with a recent quarterly contribution of $18.09 million.
• Liquidity was recently bolstered via a $175.0 million reserve-based revolving credit facility.
• Relative Strength Index of 48.2 indicates neutral momentum in the current trading range.
• A mandatory SEC resale shelf registration for 2.87 million private shares is due by November 5, 2026.

Up 0.8% since our story on 6 Oct: $26.14 when we broke it → $26.35 at the close on 13 Oct. Daily closing prices. Source: Yahoo Finance.

Show the prices

14 Sep	$28.38
15 Sep	$28.66
16 Sep	$27.32
17 Sep	$27.43
18 Sep	$26.33
21 Sep	$26.32
22 Sep	$26.18
23 Sep	$26.48
24 Sep	$26.35
25 Sep	$26.26
28 Sep	$25.72
29 Sep	$24.89
30 Sep	$24.48
1 Oct	$24.97
2 Oct	$25.49
5 Oct	$25.66
6 Oct	$26.14
7 Oct	$26.15
8 Oct	$26.38
9 Oct	$26.25
12 Oct	$26.23
13 Oct	$26.35

WhiteHawk Minerals Corp. · financial snapshot

Share price	$26.14
Market cap	$720M
Revenue (annual)	$73M
1-month price change	-7.11%
Sector	EnergyOil & Gas Midstream

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.