Next Bridge Hydrocarbons, Inc.: M&A transaction — Next Bridge Hydrocarbons completes Orogrande Basin acquisition via Wolfbone merger

Next Bridge Hydrocarbons, Inc.

Acquired 22.6249% working interest in the Orogrande Project covering ~134,000 acres in Hudspeth County, Texas.
Issued 56,297,638 shares of common stock to seller Gregory McCabe as merger consideration.
Post-merger shares outstanding expected to be ~221,770,359 shares.
Merger closed April 18, 2023; shares issued under Rule 506(b) and Section 4(a)(2) exempt from registration.
No underwriting discounts or commissions paid in the transaction.

item 2.01 item 3.02

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Next Bridge Hydrocarbons, Inc. completed an acquisition involving Wolfbone Investments, LLC (closed 2023-04-18).

Action: acquisition
Counterparty: Wolfbone Investments, LLC
Closing: 2023-04-18

Exact text from the filing

On April 18, 2023 (the “Closing Date”), the Company filed the certificate of merger to consummate the Merger and complete the acquisition of Wolfbone and its working interest in the Orogrande Project.

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Source: SEC EDGAR

accession 0001199835-23-000218

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