{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-097929","form_type":"8-K","ticker":"REI","cik":"0001384195","company_name":"RING ENERGY, INC.","filed_at":"2022-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.576589+00:00","generated_at":"2026-06-23T15:08:14.811640+00:00","sec_items":["1.01","2.01","2.03","3.02","5.02","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ring Energy closes $182.9M acquisition of Stronghold Permian assets; borrowing base boosted to $600M","bullets":["Consideration: ~$167.9M cash plus $15M deferred, 21.3M common shares, and 153,176 convertible preferred shares (convertible at $3.60 per share).","Financing via new $1.0B credit facility; borrowing base increased from $350M to $600M.","Board expanded from 7 to 9; Warburg-Pincus-backed Stronghold nominates Roy Ben-Dor and David Habachy.","Expects 2022 year-end leverage below 1.5x (vs prior 2.0x), immediately accretive to EBITDA and FCF.","Preferred stock carries 8% dividend if unconverted after Jan 31, 2023; mandatory redemption by Sep 30, 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-097929","json":"https://secwatch.observer/filing/0001104659-22-097929.json","markdown":"https://secwatch.observer/filing/0001104659-22-097929.md","text":"https://secwatch.observer/filing/0001104659-22-097929.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1384195/000110465922097929/0001104659-22-097929-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1384195/000110465922097929/tm2225154d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T15:08:14.811640+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ffe9a4b30","claim":"Roy I. Ben-Dor was appointed as Director at RING ENERGY, INC..","evidence_excerpt":"On September 1, 2022, the Board increased the size of the Board from seven members to nine members and appointed Messrs. Ben-Dor and Habachy as directors to hold office until Ring’s annual meeting of stockholders in 2023 and the election of their successors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384195/000110465922097929/0001104659-22-097929-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d89a642fe4","claim":"David S. Habachy was appointed as Director at RING ENERGY, INC..","evidence_excerpt":"On September 1, 2022, the Board increased the size of the Board from seven members to nine members and appointed Messrs. Ben-Dor and Habachy as directors to hold office until Ring’s annual meeting of stockholders in 2023 and the election of their successors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384195/000110465922097929/0001104659-22-097929-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}