---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-089273"
form_type: "8-K"
ticker: "EONR"
cik: "0001842556"
company_name: "EON Resources Inc."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:51:07.208308+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HNRA closes acquisition of Pogo Resources; $49.4M redeemed by public shareholders

## Summary
- Consideration: ~$31.1M cash, 2M OpCo Class B units ($10/unit), $15M seller note, 1.5M OpCo preferred units, and $1.93M from production proceeds.
- Trust account released $49.4M for redemption of 3.32M public shares at ~$10.95/share; remaining trust balance $13M.
- Entered $28M senior secured term loan with First International Bank & Trust at prime +6.5%, matures 3 years.
- Post-closing: 5.1M Class A shares, 1.8M Class B shares; warrants continue trading on NYSE American under HNRAW.
- Option to purchase ORR interest for $30M plus 12% compounded monthly, exercisable until Nov 15, 2024, while seller note outstanding.

## SEC filing metadata
- accession: 0001213900-23-089273
- form_type: 8-K
- ticker: EONR
- cik: 0001842556
- company_name: EON Resources Inc.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 9.01, 3.03, 5.01, 5.02, 5.03, 5.06, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842556/000121390023089273/0001213900-23-089273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842556/000121390023089273/ea188693-8k_hnracq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-089273
- JSON: https://secwatch.observer/filing/0001213900-23-089273.json
- Plain text: https://secwatch.observer/filing/0001213900-23-089273.txt

## Key facts
- Executive change
  Donald W. Orr resigned as President at EON Resources Inc..
  - Action: resigned
  - Role: President
  source text: Donald W. Orr resigned from his positions as HNRA President and Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842556/000121390023089273/0001213900-23-089273-index.htm
- Executive change
  Donald H. Goree resigned as Chief Executive Officer at EON Resources Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: Donald H. Goree resigned from his position as HNRA’s Chief Executive Officer, Chief Financial Officer, Chairman, and Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842556/000121390023089273/0001213900-23-089273-index.htm
- M&A Transactions
  EON Resources Inc. completed an acquisition involving CIC Pogo LP, DenCo Resources, LLC, Pogo Resources Management, LLC, 4400 Holdings, LLC for $31,074,127 in cash, 2,000,000 Class B common units of OpCo valued at $10.00 per unit, 2,000,000 shares of Class B Common Stock, $15,000,000 promissory note, 1, (closed 2023-11-15).
  - Action: acquisition
  - Counterparty: CIC Pogo LP, DenCo Resources, LLC, Pogo Resources Management, LLC, 4400 Holdings, LLC
  - Consideration: $31,074,127 in cash, 2,000,000 Class B common units of OpCo valued at $10.00 per unit, 2,000,000 shares of Class B Common Stock, $15,000,000 promissory note, 1,
  - Closing: 2023-11-15
  source text: Exchange Act of 1934 Date of Report (Date of earliest event reported): November 15, 2023 HNR ACQUISITION CORP (Exact name of registrant as specified in its charter) Delaware 001-41278 85-4359124 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3730 Kirby Drive , Suite 1200 Houston , Texas 77098
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842556/000121390023089273/0001213900-23-089273-index.htm

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