secwatch.observer — SEC 8-K summary
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Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001213900-25-087039
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 5.02, 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EON closes $45.5M funding, retires $19.3M senior debt, signs San Andres farmout
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- Raised $45.5M via 15% perpetual ORRI in GJF ($20M) and 5% ORRI in San Andres ($20.5M) plus $5M from Virtus for farmout.
- Used $20.5M to settle seller obligations ($13.675M cash + $7M note) + issued 1.5M shares; retired $19.3M senior debt.
- Virtus to drill up to 90 horizontal San Andres wells; EON retains 35% non-op WI; first 3 wells mid-2026.
- Virtus estimates $95M+ net PV-10 reserves to EON; cumulative capex >$300M; anticipated 7,000 BOPD net.
- Board approved $825k total cash bonuses + 825k restricted stock to officers/directors, subject to stockholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025087039/0001213900-25-087039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025087039/ea0257019-8k_eon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-087039

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