secwatch.observer — SEC 8-K summary
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Issuer:     Ovintiv Inc. (OVV)
CIK:        0001792580
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001193125-23-282258
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ovintiv discloses secondary offering of 9.4M shares by selling stockholder; repurchases 1.2M shares for $53M
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- Selling stockholder NMB Stock Trust offered 9,400,000 shares of common stock received as consideration for Permian Basin assets acquired from EnCap.
- Company repurchased 1,204,545 shares from underwriter at offering price for aggregate ~$53 million concurrently with closing.
- Company did not sell any shares in the offering and received no proceeds from sale of shares by selling stockholder.
- Underwriting agreement with Goldman Sachs & Co. LLC contains customary representations, indemnities, and closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792580/000119312523282258/0001193125-23-282258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792580/000119312523282258/d488115d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-282258

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