Tamboran closes Falcon acquisition: 6.54M shares + $23.7M cash; Falcon FY25 net loss $2.6M

Tamboran Resources Corp

Acquisition of Falcon Oil & Gas closed May 28, 2026; consideration: 6,537,503 Tamboran shares plus $23.7M cash for non-eligible shareholders.
Exchange ratio: approximately 0.00687 Tamboran common shares per Falcon share.
Falcon FY2025: net loss $2.6M, zero revenue, cash $1.3M at Dec 31, 2025; total assets $61.1M.
Auditor raises substantial doubt on Falcon's going concern; Tamboran provided interim funding and confirmed ongoing support.
Pro forma combined financials for FY2025 and nine months ended Mar 31, 2026 included in filing.

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