Vitesse Energy, Inc. (VTS): M&A transaction — Vitesse completes acquisition of Lucero Energy; issues 8.17M shares, expands credit facility

Vitesse Energy, Inc.

Each Lucero share exchanged for 0.01239 Vitesse shares; 8,169,368 shares issued; former Lucero holders own ~20% of Vitesse.
Borrowing base under credit facility increased from $245M to $315M; elected commitments from $235M to $250M.
Board expanded to 9 directors; M. Bruce Chernoff and Gary D. Reaves appointed as independent directors.
PetroShale (US), Inc. added as guarantor under the credit agreement.

item 1.01 item 2.01 item 2.03 item 3.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

M. Bruce Chernoff

Director

VTS · Vitesse Energy, Inc.

Filed: March 11, 2025, 7:59 PM ET

the Board of Directors of Vitesse (the “Board”) approved an increase in the size of the Board from seven to nine directors and appointed M. Bruce Chernoff and Gary D. Reaves.

Appointed

Gary D. Reaves

Director

VTS · Vitesse Energy, Inc.

Filed: March 11, 2025, 7:59 PM ET

the Board of Directors of Vitesse (the “Board”) approved an increase in the size of the Board from seven to nine directors and appointed M. Bruce Chernoff and Gary D. Reaves.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

M. Bruce Chernoff was appointed as Director at Vitesse Energy, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors of Vitesse (the “Board”) approved an increase in the size of the Board from seven to nine directors and appointed M. Bruce Chernoff and Gary D. Reaves.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary D. Reaves was appointed as Director at Vitesse Energy, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors of Vitesse (the “Board”) approved an increase in the size of the Board from seven to nine directors and appointed M. Bruce Chernoff and Gary D. Reaves.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Vitesse Energy, Inc. completed an acquisition involving Lucero Energy Corp. for 0.01239 of a share of common stock, par value $0.01 per share, of Vitesse (closed 2025-03-07).

Action: acquisition
Counterparty: Lucero Energy Corp.
Consideration: 0.01239 of a share of common stock, par value $0.01 per share, of Vitesse
Closing: 2025-03-07

Exact text from the filing

nnounced transaction with Lucero Energy Corp., a corporation existing under the laws of the Province of Alberta, Canada (“Lucero”),

View on SEC.gov

8 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Vitesse Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-022548

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