By Stephen Nakrosis
Shares of Hallador Energy were trading in the red post-market after the company said its conversion transaction commitment agreement was being terminated by the counterparty.
The stock fell 16% to $15.79 after the close on Thursday, and ended the regular session down 2.9% at $18.83.
Hallador said it learned at the close of business on May 19 that the agreement with a leading global datacenter developer was being terminated, according to a Securities and Exchange Commission filing. The counterparty to the agreement, which took effect Jan. 2, wasn't named.
The company said it is evaluating opportunities with several other interested third parties.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 22, 2025 18:04 ET (22:04 GMT)
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