secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0000950170-24-034376
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources announces $100.5M equity investment by majority shareholder Jerry Jones
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- Jerry Jones invests $100.45M for 12.5M shares at $8.036/share, increasing ownership from 65% to ~67%.
- Proceeds to pay down bank debt partially used to fund $58.7M acquisition of 200,000 net undeveloped acres in Western Haynesville.
- Private placement priced at 5-day average closing price; closing subject to customary conditions.
- Purchasers: Arkoma Drilling L.P. and Williston Drilling L.P., entities controlled by Jerry Jones.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000095017024034376/0000950170-24-034376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000095017024034376/crk-20240320.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-034376

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