CKX Lands agrees to $1 billion private placement led by Jacobs Private Equity II

• CKX Lands agreed on November 8, 2026, to a $1 billion private placement with Jacobs Private Equity II and other investors.
• The placement includes 1,000,000 Convertible Perpetual Preferred Stock shares, convertible into approximately 219 million common shares at $4.57 each.
• Warrants cover approximately 219 million additional shares: 50% at $4.57, 25% at $6.85, 25% at $13.70.
• Investors will own approximately 99.78% on an as-converted, as-exchanged basis; Brad Jacobs will become chairman and CEO.
• Closing requires shareholder and antitrust approvals; conversion and exercise prices reflect a planned 4.1744380:1 reverse stock split.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CKX Lands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-035972), on November 10, 2026, and is solely responsible for the information contained therein.