Hallador Energy slides after conversion agreement with datacenter developer terminated

Hallador Energy's HNRG.O shares down 21.7% premarket to $14.75 after disclosing its conversion transaction commitment agreement being terminated by the counterparty

Terre Haute, Indiana-based electricity and coal producer said it learned at the close of business on May 19 that agreement with a leading global datacenter developer was being terminated, according to the SEC filing late Thurs

The counterparty to the agreement, which was effective Jan 2, was not named

As discussed on May 12 earnings call, the parties continue to discuss an additional exclusivity period and continue in non-exclusive talks, co said in the filing

Co said it's evaluating opportunities with several other interested third parties

Through Thurs close, HNRG shares up ~64 YTD, including ~34% surge this month. Stock hit record intraday high of $19.71 on Weds