secwatch.observer — SEC 8-K summary
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Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2025-10-24T23:59:59+00:00
Accession:  0001628280-25-046286
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tamboran raises US$56.1M in public offering, up to $29.3M PIPE, and $30M SPP, partners with Baker Hughes
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- Public offering closed: gross $56.1M (2.67M shares at $21.00); net $52.5M after discounts; underwriters exercised full overallotment.
- Concurrent PIPE of up to $29.3M at $21.00, subject to shareholder approval; insider participation of $6.6M from Bryan Sheffield and Scott Sheffield.
- Plan to launch Share Purchase Plan targeting up to $30M at A$0.162/CDI, for eligible CDI holders outside US.
- Strategic partnership with Baker Hughes includes $10M cornerstone investment; Baker Hughes to provide oilfield services.
- Proceeds to fund development plan, working capital, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000162828025046286/0001628280-25-046286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000162828025046286/trc-20251022.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-046286

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