M&A
confidence high
sentiment positive
materiality 0.75
Tamboran shareholders approve stock issuance for Falcon acquisition
Tamboran Resources Corp
- Approved issuance of 6,537,503 shares to Falcon Oil & Gas Ltd. and up to 147,508 shares to Falcon Australia minority holders.
- Over 12.9 million votes cast in favor; less than 6,000 against each of the two stock issuance proposals.
- All three proposals (Stock Issuance, ASX Capacity, Adjournment) passed at March 3, 2026 special meeting.
- Acquisition of Falcon will proceed via plan of arrangement; no adjournment needed.