On August 21, 2026, Kimbell Royalty Partners (ticker: KRP) entered into a registration rights agreement with the sellers, tied to an earlier purchase agreement under which the sellers received OpCo common units and Class B units that convert into Kimbell common units. As part of the deal, Kimbell has committed to file a shelf registration statement with the SEC within 5 business days after the closing of what the filing calls the "Dropdown" transaction, allowing those units to be resold publicly, and to push for effectiveness within 120 days of closing. Worth noting: several of the sellers' officers, managers, or controlling persons also serve as officers or directors of Kimbell's general partner and its operating company, so there's a clear related-party dimension here.
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