secwatch.observer — SEC 8-K summary
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Issuer:     ROYAL GOLD INC (RGLD)
CIK:        0000085535
Form:       8-K
Filed at:   2025-07-10T23:59:59+00:00
Accession:  0000085535-25-000107
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Royal Gold to acquire Sandstorm Gold in stock deal and Horizon Copper for C$2.00/share
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- Sandstorm shareholders receive 0.0625 RGLD share per SAND share in all-stock transaction.
- Horizon shareholders get C$2.00/share in cash; total Horizon consideration C$2.00 per share.
- Termination fees: RGLD pays $200M to Sandstorm; Sandstorm pays $130M; Horizon pays $10M; RGLD pays $15M.
- Support agreements: insiders holding ~54% of Horizon and ~1% of Sandstorm shares committed to vote in favor.
- Approvals required: shareholder votes (66 2/3% for Sandstorm), court and regulatory clearance; deadline Jan 6, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85535/000008553525000107/0000085535-25-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85535/000008553525000107/rgld-20250706.htm
  HTML page:      https://secwatch.observer/filing/0000085535-25-000107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer