The Preferred Shares are expected to begin trading on NYSE American LLC under the ticker symbol “PHXE.P” on Tuesday, September 30, 2025. Phoenix Energy has previously raised more than $1 billion in capital through the Company’s various debt offerings. “The successful closing of our initial public offering of Preferred Shares marks another step in Phoenix Energy’s strategy. Digital Offering LLC acted as the lead selling agent for the initial public offering. About Phoenix Energy:Phoenix Energy One, LLC, doing business as Phoenix Energy, is an energy company formed in 2019.