secwatch.observer — SEC 8-K summary
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Issuer:     VNOM Sub, Inc. (—)
CIK:        0001602065
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001602065-24-000076
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viper closes $459M cash-plus-stock acquisition of Tumbleweed Royalty IV mineral interests
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- Total consideration: ~$459M cash, ~10.1M OpCo units, and option for same number of Class B shares.
- Contingent cash payment up to $41M in Q1 2026 based on average 2025 WTI crude price.
- Cash funded from on-hand cash, OpCo credit facility, and proceeds from August 2024 Class A stock offering.
- Acquisition closed Oct 1, 2024; TWR IV added as member of OpCo under Third Amended LLC Agreement.
- Diamondback Energy (FANG) is Viper's parent; Intrepid Partners acted as financial advisor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602065/000160206524000076/0001602065-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602065/000160206524000076/vnom-20241001.htm
  HTML page:      https://secwatch.observer/filing/0001602065-24-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer