secwatch.observer — SEC 8-K summary
======================================

Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001213900-23-089273
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 9.01, 3.03, 5.01, 5.02, 5.03, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390023089273/0001213900-23-089273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390023089273/ea188693-8k_hnracq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-089273

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