secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001193125-23-217088
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources to acquire Earthstone Energy in all-stock merger; exchange ratio 1.446
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- Each Earthstone Class A share converts into 1.446 Permian Resources Class A shares; cash for fractional shares.
- Two Earthstone directors will join Permian's 11-member board; deal expected to close by April 21, 2024.
- Termination fees: $175M from Permian or $87.5M from Earthstone under specified conditions.
- Support agreements cover ~49% of Permian voting power and ~48% of Earthstone voting power committed to approval.
- Closing conditions include HSR clearance, stockholder approvals, and SEC S-4 effectiveness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523217088/0001193125-23-217088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523217088/d703494d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-217088

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