secwatch.observer — SEC 8-K summary
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Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2025-01-24T23:59:59+00:00
Accession:  0001213900-25-006181
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EON Resources exchanges $400K debt and 950K warrants for $1.35M convertible notes due 2028
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- Seven accredited investors exchanged $400K of old notes and 950,000 warrants for $1.35M convertible notes.
- Notes bear 7.5% interest, mature Jan 31, 2028, convertible at greater of $0.25 or 90% of average low VWAPs.
- Automatic conversion price reduction if Company issues stock at lower price than then-current conversion price.
- Issued under Section 3(a)(9) exchange; no cash proceeds to Company.
- Company may prepay without premium; includes more-favored-nations clause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025006181/0001213900-25-006181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025006181/ea0228565-8k_eonresour.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-006181

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