SEC Filing Summary

This filing is an amendment to a Schedule 13D, originally filed on July 29, 2021, concerning Reservoir Media, Inc. The amendment details a non-binding proposal submitted on March 3, 2026, by Richmond Hill Investment Co., LP and Wesbild, Inc. to acquire all outstanding shares of Reservoir Media, Inc. not already owned by them, at a price of $10.50 per share. This represents a significant premium over the stock's recent trading prices. The proposed transaction is intended as a "going private" transaction and would not be subject to a financing condition. The proposal is contingent on approval by a special committee of independent directors. The filing also includes a joint filing agreement and details the preliminary terms of the proposed transaction between Richmond Hill and Wesbild, outlining the structure, financing, governance, and sale rights. Various entities and individuals, including Richmond Hill Capital Management, LLC, are listed as reporting persons with significant beneficial ownership.