secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001193125-23-299954
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources announces secondary offering of 39.4M shares by selling stockholders for ~$512M proceeds
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- Selling stockholders (NGP, Riverstone, EnCap affiliates) selling 39,414,415 Class A shares at ~$13.00 each for $512.4M gross proceeds.
- Company receives no proceeds from the offering.
- Concurrently, Permian Resources will buy 2,252,252 OpCo units from certain sellers at same price and cancel equivalent Class C shares.
- Offering expected to close Dec 21, 2023, subject to customary conditions; concurrent purchase conditioned on offering completion.
- J.P. Morgan is sole underwriter for the secondary offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523299954/0001193125-23-299954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523299954/d568480d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-299954

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