---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-25-000076"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2025-09-17T23:59:59+00:00"
generated_at: "2026-05-17T06:22:13.367519+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CRC to acquire Berry Corp (bry); Berry shareholders get 0.0718 CRC shares per share

## Summary
- CRC to merge with Berry; each Berry share converts to 0.0718 shares of CRC common stock.
- Berry must pay $12.04M termination fee if it accepts a superior proposal or changes recommendation.
- Deal requires Berry stockholder approval, HSR clearance, FERC approval, and registration statement effectiveness.
- Outside date for closing is March 14, 2026; no financing condition.
- Berry equity awards (RSUs/PSUs) to be converted into CRC RSUs or cashed out at closing.

## SEC filing metadata
- accession: 0001609253-25-000076
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2025-09-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925325000076/0001609253-25-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925325000076/crc-20250914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-25-000076
- JSON: https://secwatch.observer/filing/0001609253-25-000076.json
- Plain text: https://secwatch.observer/filing/0001609253-25-000076.txt

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