Hallador Energy’s down 20% as conversion transaction agreement terminated

In a regulatory filing earlier, the company stated: “At the close of business on May 19, 2025, the Company learned that its previously disclosed Conversion Transaction Commitment Agreement, effective January 2, 2025, with a leading global datacenter developer was being terminated by the counterparty. As discussed on the Company’s earnings call on May 12, 2025, the parties continue to discuss an additional exclusivity period and continue in non-exclusive discussions. The Company is evaluating opportunities with several other interested third parties and believes that the competitive tension introduced by these third-party negotiations enhances its positioning to execute a strategic transaction that delivers long-term value to its shareholders.” Shares of Hallador are down 19.5% afterhours.