Comstock Resources completes private placement of 12.5M shares to Jones entities

COMSTOCK RESOURCES INC

Issued 12,500,000 shares of common stock to Arkoma Drilling L.P. and Williston Drilling L.P. on March 25, 2024.
Shares sold under exemption from Securities Act registration; purchasers received customary registration rights.
Registration rights agreement includes demand rights for underwritten offerings with minimum expected proceeds of $30-$50M.
Piggyback registration rights granted; Company must file shelf registration within 90 days of closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COMSTOCK RESOURCES INC entered into Second Amended and Restated Registration Rights Agreement with Arkoma Drilling L.P. and Williston Drilling L.P. valued at registration rights for the Jones Purchasers (effective 2024-03-25).

Action: entry
Agreement: equity purchase
Counterparty: Arkoma Drilling L.P. and Williston Drilling L.P.
Value: registration rights for the Jones Purchasers
Effective: 2024-03-25

Exact text from the filing

In connection with the consummation of the transactions contemplated by the Subscription Agreement, the Company, Arkoma and Williston amended and restated that certain Amended and Restated Registration Rights Agreement, dated June 7, 2019, among the parties by entering into the Second Amended and Restated Registration Rights Agreement dated March 25, 2024 (the "Second A&R Registration Agreement")

View on SEC.gov

290 material agreements filed in the last 30 days. Browse all material agreements →

COMSTOCK RESOURCES INC filing history →

Source: SEC EDGAR

accession 0000950170-24-036008

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.