secwatch.observer — SEC 8-K summary
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Issuer:     Next Bridge Hydrocarbons, Inc. (—)
CIK:        0001936756
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001199835-23-000218
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Next Bridge Hydrocarbons completes Orogrande Basin acquisition via Wolfbone merger
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936756/000119983523000218/0001199835-23-000218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936756/000119983523000218/nbh-8k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-23-000218

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer