8-K
filed November 13, 2023, 6:59 PM ET
ticker EONR
CIK 0001842556
M&A
confidence high
sentiment negative
materiality 0.85
HNR Acquisition Corp shareholders approve Pogo business combination; 90% of public shares redeemed for ~$44.1M
EON Resources Inc.
- Stockholders approved MIPA, Incentive Plan, NYSE American Rule 713(a), and Charter proposals at Nov 13 special meeting.
- Holders of 4,063,777 public shares (out of 4,509,403) elected redemption, removing ~$44.1M (approx. $10.86/share) from trust.
- Non-Redemption Agreement with Meteora entities allows reversal of up to 600,000 redeemed shares at Redemption Price minus $5.00 per share.
- Exchanged $2,099,545 principal plus interest on working-capital notes for 419,909 shares at $5.00/share; piggyback registration rights granted.
- Noteholders include current or nominee directors: JVS Alpha (Joseph Salvucci), Byron Blount, and Mitchell B. Trotter.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
EON Resources Inc. entered into Non-Redemption Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC (effective 2023-11-13).
- Action
- entry
- Counterparty
- Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC
- Effective
- 2023-11-13
Exact text from the filing
HNRA entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Backstop Investor”) (the “Non-Redemption Agreement”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
EON Resources Inc. entered into Exchange Agreements with certain holders of promissory notes issued by HNRA valued at $2,099,545 (effective 2023-11-13).
- Action
- entry
- Counterparty
- certain holders of promissory notes issued by HNRA
- Value
- $2,099,545
- Effective
- 2023-11-13
Exact text from the filing
HNRA entered into exchange agreements (“Exchange Agreements”) with certain holders (the “Noteholders”) of promissory notes issued by HNRA for working capital purposes which accrued interest at a rate of 15% per annum (the “Notes”). Pursuant to the Exchange Agreements, HNRA agreed to exchange, in consideration of the surrender and termination of the Notes in an aggregate principal amount (including interest accrued thereon) of $2,099,545, for 419,909 shares of Common Stock
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
EON Resources Inc. shareholders approved Proposal to approve the potential and likely issuance of more than 19.99% of the Company’s issued and outstanding shares of common stock including securities convertible into common stock pursuant to the Purchase transactions and issuances which may be made pursuant to a potential private offering ( at the 2023-11-13 meeting.
- Outcome
- passed
- Meeting
- 2023-11-13
Exact text from the filing
NYSE American Proposal Votes For Votes Against Votes Abstained Broker Non-Votes 6,091,858 608,470 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
EON Resources Inc. shareholders approved Proposal to approve and adopt the MIPA and the transactions contemplated thereby at the 2023-11-13 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-11-13
Exact text from the filing
Purchase Proposal Votes For Votes Against Votes Abstained Broker Non-Votes 6,091,858 608,470 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
EON Resources Inc. shareholders approved Proposal to approve and adopt the second amended and restated certificate of incorporation at the 2023-11-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-11-13
Exact text from the filing
Purchase Proposal Votes For Votes Against Votes Abstained Broker Non-Votes 6,091,858 608,470 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
EON Resources Inc. shareholders approved Proposal to approve and adopt the HNR Acquisition Corp 2023 Omnibus Incentive Plan at the 2023-11-13 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-11-13
Exact text from the filing
Incentive Plan Proposal Votes For Votes Against Votes Abstained Broker Non-Votes 6,595,797 104,521 10 0
View on SEC.gov
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