Capital Management Firm Announces Acquisition Proposal of Oil and Gas Company

On July 15, 2024, Nut Tree Capital Management LP ("Nut Tree") and Caspian Capital LP ("Caspian") publicly announced their non-binding proposal to acquire Martin Midstream Partners L.P. (NASDAQ: MMLP) ("MMLP"). This acquisition proposal was sent to the Conflicts Committee of the Board of Directors of Martin Midstream GP LLC (the "General Partner") and reiterates the initial proposal made on June 21, 2024. The proposed acquisition price stands at $4.00 per MMLP common unit in cash, representing a premium over previous offers and market value. $Martin Midstream (MMLP.US)$