secwatch.observer — SEC 8-K summary
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Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001213900-25-041580
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EON Resources exchanges $2.9M notes and 3.95M warrants for $6.85M convertible notes due 2028
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- Issued $6,850,000 aggregate principal of convertible notes to 11 accredited investors in exchange for $2,900,000 Old Notes and 3,950,000 Old Warrants.
- Convertible notes mature January 31, 2028, bear 7.5% annual interest, and are prepayable without penalty.
- Conversion price is the greater of $0.25/share or 90% of the average of the three lowest VWAPs over the prior 10 trading days.
- Notes include automatic price reset if the Company issues stock at a lower price and most-favored-nation clause for future security terms.
- Issuance exempt from registration under Section 3(a)(9) of the Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025041580/0001213900-25-041580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025041580/ea0241562-8k_eonres.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-041580

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