secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001104659-22-068593
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Secondary offering of 7.5M shares by selling stockholders; company concurrently purchases 2M units
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- Selling stockholders (EnerVest affiliates) sold 7,500,000 shares of Class A common at $27.01 per share in an underwritten offering.
- Company concurrently purchased 2,000,000 Magnolia LLC Units from certain selling stockholders at the same price.
- The offering and unit purchase closed on June 6, 2022; company received no proceeds from the share sale.
- Post-offering, selling stockholders hold approximately 18% of the company's outstanding common stock.
- Company funded the unit purchase with cash on hand; Morgan Stanley acted as sole book-running manager.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000110465922068593/0001104659-22-068593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000110465922068593/tm2214517d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-068593

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