Sitio Shareholders Greenlight Merger with Viper Energy, Finalization Scheduled for August 19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
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Source: NASDAQ.COM
Merger Announcement: Sitio Royalties Corp. (STR) stockholders have approved a merger with Viper Energy, Inc., set to close on August 19, 2025.
Share Exchange Details: Sitio stockholders will receive 0.4855 shares of New Cobra Pubco, Inc. (to be renamed New Viper) for each Sitio Class A share, while Sitio Opco unitholders will get equivalent common units in Viper Energy Partners LLC and New Viper Class B shares.
Cancellation of Class C Stock: Sitio Class C common stock will be canceled without compensation, and trading of Sitio Class A stock on the NYSE will be suspended prior to the market opening on the closing date.
Current Stock Performance: STR is currently trading at $18.17, reflecting a decrease of 0.71% on the NYSE.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
