---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-022186"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2024-07-03T23:59:59+00:00"
generated_at: "2026-05-31T23:38:59.012014+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hallador Energy exchanges $11M convertible notes for 2.09M shares of common stock

## Summary
- Exchanged $10M note (ALJ Investment Company) + $1M note (Hallador Alternative Assets Fund) with accrued interest.
- Issued 1,900,000 shares to ALJ and 190,000 shares to Hallador Alternative Assets in settlement.
- Issuance exempt under Section 4(a)(2), Section 3(a)(9) and Rule 506(b) of Regulation D.
- Transaction eliminates $11M of convertible debt from the balance sheet.
- Dilution of approximately 6.5% based on shares outstanding prior to issuance.

## SEC filing metadata
- accession: 0001437749-24-022186
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2024-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000143774924022186/0001437749-24-022186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774924022186/hnrg20240702_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022186
- JSON: https://secwatch.observer/filing/0001437749-24-022186.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022186.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.