secwatch.observer — SEC 8-K summary
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Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001213900-24-089105
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EON Resources issues ~573k shares and 1.2M warrant to settle debts and pay vendors
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- Issued 60k shares to former CEO Diego Rojas under separation; 75k to Mike Porter for consulting; 27,963 to pledgors for securing letters of credit.
- Issued 150k shares to Rhône Merchant House Ltd as final settlement for consulting agreement termination.
- Issued 260k shares to four parties for forgiveness of $260k in accounts payable at $1.00 per share.
- Issued warrant to Pryor Cashman LLP for 1.2M shares at $0.75/share, exercisable immediately for one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390024089105/0001213900-24-089105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390024089105/ea0218032-8k_eonresour.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-089105

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