secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2025-09-17T23:59:59+00:00
Accession:  0001609253-25-000076
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925325000076/0001609253-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925325000076/crc-20250914.htm
  HTML page:      https://secwatch.observer/filing/0001609253-25-000076

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