Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
CIVITAS RESOURCES, INC. completed an acquisition involving Vencer Energy, LLC for approximately $1,000,000,000 in cash, (ii) the Shares, valued, for purposes of the PSA, at approximately $600,000,000 (the “Stock Consideration”), and (iii) $55 (closed 2024-01-02).
- Action
- acquisition
- Counterparty
- Vencer Energy, LLC
- Consideration
- approximately $1,000,000,000 in cash, (ii) the Shares, valued, for purposes of the PSA, at approximately $600,000,000 (the “Stock Consideration”), and (iii) $55
- Closing
- 2024-01-02
Exact text from the filing
On January 2, 2024, the Company completed the Asset Acquisition for an aggregate purchase price of (i) approximately $1,000,000,000 in cash, (ii) the Shares, valued, for purposes of the PSA, at approximately $600,000,000 (the “Stock Consideration”), and (iii) $550,000,000 in cash to be paid to Vencer on January 3, 2025, as total consideration for the Assets.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CIVITAS RESOURCES, INC. entered into Registration Rights Agreement with Vencer Energy, LLC (as designee) (effective 2024-01-02).
- Action
- entry
- Counterparty
- Vencer Energy, LLC (as designee)
- Effective
- 2024-01-02
Exact text from the filing
the Company and a designee of Vencer entered into a registration rights agreement, dated as of January 2, 2024 (the “Registration Rights Agreement”), pursuant to which the Company agreed to, among other things, file with the U.S. Securities and Exchange Commission a shelf registration statement (the “Registration Statement”) covering the resale of 7,181,527 shares of common stock, par value $0.01 per share, of the Company (the “Shares”) comprising the Stock Consideration (as defined below) issued in the Asset Acquisition.
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