Talos sells additional 30.1% Zama stake to Carso for $82.7M; coop agreement, rights termination

TALOS ENERGY INC.

Sells 30.1% stake in Talos Mexico (holds 17.4% of Zama) for $49.7M cash at close plus $33M upon first production, total $82.7M.
After closing, Talos Mexico owned 20% by Talos, 80% by Zamajal (90% Grupo Carso, 10% Control Empresarial).
Total contingent cash considerations from Zama now $82.9M, including $49.9M from prior transaction.
Cooperation agreement caps Control Empresarial beneficial ownership at 25% through Dec 16, 2025.
Terminates stockholder rights plan effective Dec 17, 2024; eliminates Series A Preferred Stock.

item 1.01 item 1.02 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TALOS ENERGY INC.: Certificate of Elimination filed to eliminate Series A Preferred Stock from the Certificate of Incorporation (effective 2024-12-17).

Change: charter amendment
Effective: 2024-12-17

Exact text from the filing

on December 17, 2024, the Company filed a Certificate of Elimination of Certificate of Designations of Series A Junior Participating Preferred Stock (the “ Certificate of Elimination ”) with the Delaware Secretary of State to eliminate its shares of Series A Preferred Stock from the Company’s Certificate of Incorporation

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TALOS ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-280482

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