secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2026-10-09T21:02:30+00:00
Accession:  0001628280-26-065552
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Crescent Energy prices $1.0B Class A stock offering at $12.50 per share to fund Devon Eagle Ford acquisition
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- Crescent Energy priced an underwritten public offering of 80,000,000 Class A shares at $12.50 per share, raising about $1.0 billion before the 12,000,000-share option.
- Net proceeds estimated at approximately $1,115.9 million, including full exercise of the underwriters' 30-day option for 12,000,000 additional shares.
- KKR affiliate Independence Energy Aggregator L.P., holder of about 7.9% of Class A stock, agreed to buy 40,000,000 shares at the public offering price.
- Proceeds will fund part of the cash consideration for the Devon Energy Production Company Eagle Ford asset acquisition; Devon Energy Corporation is ticker DVN; deal expected Q4 2026 or early 2027.
- Crescent expects 422,456,708 Class A shares outstanding immediately after the offering, which is scheduled to close on October 13, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026065552/0001628280-26-065552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026065552/crgy-20261008.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-065552

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