{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-187757","form_type":"8-K","ticker":"CRGY","cik":"0001866175","company_name":"Crescent Energy Co","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.440933+00:00","generated_at":"2026-05-17T10:21:07.398467+00:00","sec_items":["1.01","5.02","5.07","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Crescent Energy to acquire Vital Energy in all-stock merger; exchange ratio 1.9062","bullets":["Crescent to acquire Vital in all-stock merger; each Vital share converts into 1.9062 Crescent shares.","Post-close, Crescent stockholders own ~77%, Vital stockholders own ~23% of combined company.","Crescent Board expands to 12 members; Vital designates two directors.","Termination fees: Vital pays $22.5M; Crescent pays $76.9M under specified conditions.","Certain Crescent stockholders, including Independence Energy Aggregator LP, support deal via voting agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-187757","json":"https://secwatch.observer/filing/0001193125-25-187757.json","markdown":"https://secwatch.observer/filing/0001193125-25-187757.md","text":"https://secwatch.observer/filing/0001193125-25-187757.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866175/000119312525187757/0001193125-25-187757-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866175/000119312525187757/d939358d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:21:07.398467+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}