secwatch.observer — SEC 8-K summary
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Issuer:     WhiteHawk Income Corp (WHK)
CIK:        0001921603
Form:       8-K/A
Filed at:   2026-09-25T20:15:39+00:00
Accession:  0001193125-26-402855
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.01, 2.03, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

WhiteHawk closes $96.8M SJM II mineral acquisition; raises $50M Series E preferred at 10-14% dividend
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- Closed SJM II Acquisition on Sept 25, 2026: paid ~$96.8M after adjustments (vs $105.0M PSA price) for Marcellus and Haynesville mineral/royalty interests from Three Rivers Royalty II and Cypress.
- Series E Preferred: issued 50,000 shares for $50.0M gross to investors including Chairman/CEO Daniel Herz; monthly cash dividends at 10% annual through 3/31/2027, 12% through 12/31/2028, then 14%.
- Series E ranks senior to Class A/B common; redeemable at $1,000/share plus accrued dividends; mandatory redemption on Deemed Liquidation Event; holders entitled to 1.08x minimum return.
- Credit agreement Second Amendment raised borrowing base and elected commitments to $175.0M from $150.0M; Capital One is administrative agent; new lender admitted to revolving facility.
- Acquired assets' 2025 carve-out financials: net income $24.56M on total net sales $34.44M (2024: $23.62M income, $34.72M sales); proved oil and gas properties $89.7M of $108.3M total assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1921603/000119312526402855/0001193125-26-402855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1921603/000119312526402855/whk-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-402855

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