secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001437749-24-022186
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774924022186/0001437749-24-022186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774924022186/hnrg20240702_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-022186

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