{"schema_version":"secwatch.filing_event.v1","accession":"0002024218-24-000028","form_type":"8-K","ticker":"SMC","cik":"0002024218","company_name":"Summit Midstream Corp","filed_at":"2024-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.585981+00:00","generated_at":"2026-05-30T22:50:28.749215+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Summit Midstream to acquire Tall Oak Midstream III for $425M in cash and equity","bullets":["Total consideration of $425M: $155M cash plus 7.47M Class B shares and 7.47M partnership units; earnout up to $25M.","Adds 440 MMcf/d processing capacity, >400 miles pipelines, and >300,000 dedicated acres in the Arkoma Basin.","Pro forma leverage improved to 3.8x from 4.4x; acquisition multiple ~5.6x 2025E asset-level Adj. EBITDA.","Closing expected Q4 2024 subject to stockholder approval, HSR clearance, and other customary conditions.","Management expects financial flexibility to consider resuming dividends or share buybacks in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0002024218-24-000028","json":"https://secwatch.observer/filing/0002024218-24-000028.json","markdown":"https://secwatch.observer/filing/0002024218-24-000028.md","text":"https://secwatch.observer/filing/0002024218-24-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2024218/000202421824000028/0002024218-24-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2024218/000202421824000028/smc-20241001.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T22:50:28.749215+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}