Vital Energy to be acquired by Crescent Energy in all-stock merger (1.9062x exchange ratio)

Vital Energy, Inc.

Vital stockholders receive 1.9062 shares of Crescent Class A common stock per Vital share; ~23% pro forma ownership.
Vital Board unanimously approved; two Vital directors will join Crescent Board (12 total).
Parent Supporting Stockholders (IE Aggregator, Goff entities) sign voting agreements supporting deal.
Termination fees: $22.5M from Vital if it accepts superior offer; $76.9M from Crescent if it does same.
Conditions include stockholder approvals, HSR clearance, and SEC effectiveness of S-4.

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