---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-140017"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:44:36.784077+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy to acquire SilverBow Resources; mixed cash/stock deal valued at ~$38/share

## Summary
- SilverBow stockholders receive either $38.00 cash (capped at $400M total), 3.125 CRGY shares, or mix of 1.866 shares and $15.31 cash.
- Combined company ownership: 69%-79% to Crescent stockholders, 21%-31% to SilverBow stockholders.
- Crescent board to expand to 11 members; two SilverBow designees to join post-close.
- Crescent controlling stockholders (~43% ownership) entered support agreements to vote in favor and refrain from share transfers.
- Deal expected to close by Nov 15, 2024; termination fees of $61M (Crescent) or $30.5M (SilverBow).

## SEC filing metadata
- accession: 0001193125-24-140017
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000119312524140017/0001193125-24-140017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000119312524140017/d813959d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-140017
- JSON: https://secwatch.observer/filing/0001193125-24-140017.json
- Plain text: https://secwatch.observer/filing/0001193125-24-140017.txt

## Key facts
- Material Agreements
  Crescent Energy Co entered into Agreement and Plan of Merger with SilverBow Resources, Inc., Artemis Acquisition Holdings Inc., Artemis Merger Sub Inc., and Artemis Merger Sub II LLC (effective 2024-05-15).
  - Action: entry
  - Agreement: merger
  - Counterparty: SilverBow Resources, Inc., Artemis Acquisition Holdings Inc., Artemis Merger Sub Inc., and Artemis Merger Sub II LLC
  - Effective: 2024-05-15
  source text: On May 15, 2024, Crescent Energy Company, a Delaware corporation (“Crescent”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SilverBow Resources, Inc., a Delaware corporation (“SilverBow”), Artemis Acquisition Holdings Inc., a Delaware corporation and a direct wholly owned subsidiary of Crescent (“Artemis Holdings”), Artemis Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of Crescent (“Merger Sub Inc.”), and Artemis Merger Sub II LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Artemis Holdings (“Merger Sub LLC,” and together with Crescent, Artemis Holdings and Merger Sub Inc., the “Crescent Parties").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000119312524140017/0001193125-24-140017-index.htm

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