---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-083563"
form_type: "8-K"
ticker: "APA"
cik: "0001841666"
company_name: "APA Corp"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:55:11.836691+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# APA closes Callon acquisition; issues ~70M shares, adds 120K net Delaware acres

## Summary
- Each Callon share converted to 1.0425 APA shares; ~70M APA shares issued.
- APA daily production ~500k BOE with ~2/3 from Permian; Callon Q4 production 103k BOE/d.
- Board expanded to 12; Matthew R. Bob and Anya Weaving appointed.
- APA borrowed $1.5B in 3-year term loans to refinance Callon debt; $23.9M of Callon notes remain.
- Warrants to purchase 501,708 APA shares at $88.15 per share, expiring August 10, 2027.

## SEC filing metadata
- accession: 0001193125-24-083563
- form_type: 8-K
- ticker: APA
- cik: 0001841666
- company_name: APA Corp
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/0001193125-24-083563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/d47791d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-083563
- JSON: https://secwatch.observer/filing/0001193125-24-083563.json
- Plain text: https://secwatch.observer/filing/0001193125-24-083563.txt

## Key facts
- Executive change
  Anya Weaving was appointed as Director at APA Corp.
  - Action: appointed
  - Role: Director
  source text: the Board appointed Anya Weaving as a member of the Board, effective immediately following the Effective Time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/0001193125-24-083563-index.htm
- Executive change
  Matthew R. Bob was appointed as Director at APA Corp.
  - Action: appointed
  - Role: Director
  source text: the Board appointed Matthew R. Bob, the former chair of the board of directors of Callon, as a member of the Board, effective immediately following the Effective Time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/0001193125-24-083563-index.htm
- M&A Transactions
  APA Corp completed an acquisition involving Callon Petroleum Company (closed 2024-04-01).
  - Action: acquisition
  - Counterparty: Callon Petroleum Company
  - Closing: 2024-04-01
  source text: On April 1, 2024, APA completed its previously announced acquisition of Callon, in connection with the merger of Astro Comet Merger Sub Corp., a Delaware corporation and a wholly owned subsidiary of APA (“Merger Sub”), with and into Callon (the “Merger”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/0001193125-24-083563-index.htm
- Material Agreements
  APA Corp entered into Amended and Restated Warrant Agreement with American Stock Transfer and Trust Company, LLC (effective 2024-04-01).
  - Action: entry
  - Counterparty: American Stock Transfer and Trust Company, LLC
  - Effective: 2024-04-01
  source text: On April 1, 2024, upon consummation of the Merger (as defined and described in further detail below), APA Corporation, a Delaware corporation (“APA”), entered into an Amended and Restated Warrant Agreement (the “Warrant Agreement”) with American Stock Transfer and Trust Company, LLC (“AST”), as warrant agent, and, solely with respect to certain provisions therein, Callon Petroleum Company, a Delaware corporation (“Callon”), to, among other things, establish warrants that have terms that are substantially similar to the warrants that were issued by Callon on December 20, 2019 (the “Callon Warrants”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/0001193125-24-083563-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.