---
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"
generated_at: "2026-05-17T10:21:07.398467+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy to acquire Vital Energy in all-stock merger; exchange ratio 1.9062

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 5.07, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-187757
- JSON: https://secwatch.observer/filing/0001193125-25-187757.json
- Plain text: https://secwatch.observer/filing/0001193125-25-187757.txt

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