PermRock Royalty Trust will soon launch its initial public offering of 6,250,000 trust units, representing approximately 51.4% beneficial interest in the trust. The initial offering price is expected to be between $19.00 and $21.00 per unit. Boaz Energy II, LLC is the sponsor of the trust and will be selling the units being offered.

Additionally, Boaz intends to grant the underwriters a 30-day option to purchase up to an additional 937,500 trust units at the initial public offering price.

The trust units have been authorized for listing o...

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