secwatch.observer — SEC 8-K summary
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Issuer:     PHX MINERALS INC. (—)
CIK:        0000315131
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001104659-25-047293
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PHX Minerals to be acquired by WhiteHawk for $4.35 per share in all-cash deal
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- Offer price of $4.35/share in cash; total equity commitment of $104.2M from WhiteHawk entities.
- Debt financing of $100M from EIG CMC for the acquisition; expected close by November 10, 2025.
- Termination fee of $6.8M payable by either party under certain conditions.
- Supporting stockholders (directors/officers) owning ~10% of shares agree to tender and support the deal.
- CEO and CFO employment will terminate at effective time; eligible for change-in-control severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315131/000110465925047293/0001104659-25-047293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315131/000110465925047293/tm2514675d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-047293

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