---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-23-000264"
form_type: "8-K"
ticker: null
cik: "0001936756"
company_name: "Next Bridge Hydrocarbons, Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:41:32.421371+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Next Bridge closes acquisitions, now owns 100% working interest in Orogrande Project

## Summary
- Closed Wolfbone merger and six Contribution Agreements on May 11, 2023, acquiring remaining 33.5% working interest in Orogrande Project.
- Issued 56,297,638 shares to Gregory McCabe for Wolfbone's 22.6249% interest.
- Issued 27,060,637 shares to six other owners for 10.8751% interest; total shares outstanding now 248,830,516.
- Next Bridge now holds 100% working interest across ~134,000 contiguous acres in the Orogrande Basin, West Texas.

## SEC filing metadata
- accession: 0001199835-23-000264
- form_type: 8-K
- cik: 0001936756
- company_name: Next Bridge Hydrocarbons, Inc.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936756/000119983523000264/0001199835-23-000264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936756/000119983523000264/form-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-23-000264
- JSON: https://secwatch.observer/filing/0001199835-23-000264.json
- Plain text: https://secwatch.observer/filing/0001199835-23-000264.txt

## Key facts
- M&A Transactions
  Next Bridge Hydrocarbons, Inc. completed an acquisition involving Wolfbone Investments, LLC (closed 2023-05-11).
  - Action: acquisition
  - Counterparty: Wolfbone Investments, LLC
  - Closing: 2023-05-11
  source text: The Merger became effective on April 25, 2023 and the closing of the Merger occurred on May 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983523000264/0001199835-23-000264-index.htm
- M&A Transactions
  Next Bridge Hydrocarbons, Inc. completed an acquisition (closed 2023-05-11).
  - Action: acquisition
  - Closing: 2023-05-11
  source text: On May 11, 2023, the Company and its wholly owned subsidiary Hudspeth, entered into a Contribution and Exchange Agreement (each, a “Contribution Agreement” and collectively, the “Contribution Agreements”) with each of the Company’s existing Orogrande Project working interest owners (each, an “Orogrande Owner” and collectively, the “Orogrande Owners”) named in the table below, pursuant to which at the Closing (as defined in each Contribution Agreement), the Company issued to the Orogrande Owners the number of shares of the Company’s common stock set forth opposite such Orogrande Owner’s name below in exchange for and in order to acquire such Orogrande Owner’s rights to the working interest in the Orogrande Project.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983523000264/0001199835-23-000264-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.