EON Resources restates Q3 2024 financials due to accounting error in forward purchase agreement liability

EON Resources Inc.

Error involved clerical mistake in fair value adjustment of forward purchase agreement liability with Meteora entities.
Restatement increases Other Income (Expenses) by approximately $5.2M for three and nine months ended Sep 30, 2024.
Net income increases by $5.2M and total liabilities decrease by same amount as a result.
Audit Committee concluded prior financial statements should no longer be relied upon; 2024 Form 10-K to include restated figures.
Company previously disclosed material weaknesses in accounting for complex financial instruments.

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