EON Resources amends Pogo deal: cash cut to $20.5M, stock to 1.5M shares, close by July 2025

EON Resources Inc.

Cash obligation reduced $1.5M to $20.5M; stock consideration halved from 3M to 1.5M shares.
ORRI purchase price lowered to $13.5M; seller note retired for $7.0M (was $8M).
1.5M shares repurchase preferred units with ~$27M redemption value.
Total consideration: 1.5M shares + $20.5M cash retiring ~$40M in debt/obligations.
Enstream funding reduced due to weak oil prices; close expected July/Aug 2025; outside date Sept 15.

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