secwatch.observer — SEC 8-K summary
======================================

Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001104659-22-115943
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Oil & Gas Corp: selling stockholders sell 7.5M shares at $24.26; company buys 2M LLC units
--------------------------------------------------------------------------------

- Selling stockholders (EnerVest affiliates) sold 7.5M Class A shares at $24.26 each via underwritten offering.
- Company did not receive any proceeds from the offering; proceeds go to selling stockholders.
- Company concurrently purchased 2M Magnolia LLC Units from certain selling stockholders using cash on hand, at same $24.26 per unit.
- After the offering, selling stockholders collectively own approximately 14% of total outstanding common stock.
- Underwriting agreement with J.P. Morgan Securities LLC; offering closed Nov 8, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000110465922115943/0001104659-22-115943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000110465922115943/tm2229738d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-115943

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