{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-002515","form_type":"8-K","ticker":"APA","cik":"0001841666","company_name":"APA Corp","filed_at":"2024-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.921761+00:00","generated_at":"2026-06-07T04:12:41.132479+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"APA Corp acquires Callon Petroleum in $4.5B all-stock deal; 1.0425x exchange ratio","bullets":["Each Callon share exchanged for 1.0425 APA shares; implied value ~$38.31/sh based on APA close Jan 3, 2024.","Total consideration ~$4.5B including Callon's net debt; pro forma enterprise value >$21B.","Pro forma production >500k BOE/day; Permian output +48%; annual synergies >$150M.","Transaction unanimously approved by both boards; expected close Q2 2024, subject to shareholder & HSR approvals.","APA secures $2B bridge financing from JPMorgan, Citi, and Wells Fargo for debt refinancing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-002515","json":"https://secwatch.observer/filing/0001193125-24-002515.json","markdown":"https://secwatch.observer/filing/0001193125-24-002515.md","text":"https://secwatch.observer/filing/0001193125-24-002515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841666/000119312524002515/0001193125-24-002515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841666/000119312524002515/d680825d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:12:41.132479+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d70fa0dbb2fa187187687c14d6bca18542a6bb6","claim":"APA Corp entered into Agreement and Plan of Merger with Callon Petroleum Company valued at exchange ratio of 1.0425 shares of APA common stock per Callon share (effective 2024-01-03).","evidence_excerpt":"On January 3, 2024, APA Corporation, a Delaware corporation (“ APA ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Callon Petroleum Company (“ Callon ”) and Astro Comet Merger Sub Corp., a wholly owned subsidiary of APA (“ Merger Sub ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841666/000119312524002515/0001193125-24-002515-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Callon Petroleum Company"},{"label":"Value","value":"exchange ratio of 1.0425 shares of APA common stock per Callon share"},{"label":"Effective","value":"2024-01-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}