---
schema_version: "secwatch.filing_event.v1"
accession: "0002024218-24-000041"
form_type: "8-K"
ticker: "SMC"
cik: "0002024218"
company_name: "Summit Midstream Corp"
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T10:26:50.433116+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Summit Midstream closes $155M cash + equity acquisition of Tall Oak Midstream III

## Summary
- Total consideration: $155M cash, 7.5M Partnership units + Class B shares, up to $25M contingent; pro forma leverage ~3.8x.
- Special meeting: ~76.7% shares voted, 99.8% in favor of equity issuance.
- Board expanded from 7 to 11; four Tailwater-affiliated directors appointed: Downie, Herring, Lipscomb, Winston.
- Tall Oak (Tailwater) owns 36% voting equity; lock-up: 1 year for Tall Oak, 6 months for TOMI.
- ABL credit facility amended to confirm no change of control from transaction.

## SEC filing metadata
- accession: 0002024218-24-000041
- form_type: 8-K
- ticker: SMC
- cik: 0002024218
- company_name: Summit Midstream Corp
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2024218/000202421824000041/0002024218-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2024218/000202421824000041/smc-20241202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002024218-24-000041
- JSON: https://secwatch.observer/filing/0002024218-24-000041.json
- Plain text: https://secwatch.observer/filing/0002024218-24-000041.txt

## Key facts
- M&A Transactions
  Summit Midstream Corp completed an acquisition involving Tall Oak Midstream Holdings, LLC for $425,000,000, which consisted of (x) $155,000,000 in cash consideration, and (y) 7,471,008 shares of Class B common stock ... and 7,471,008 common units ... and (closed 2024-12-02).
  - Action: acquisition
  - Counterparty: Tall Oak Midstream Holdings, LLC
  - Consideration: $425,000,000, which consisted of (x) $155,000,000 in cash consideration, and (y) 7,471,008 shares of Class B common stock ... and 7,471,008 common units ... and
  - Closing: 2024-12-02
  source text: On the Closing Date, pursuant to the terms of the Business Contribution Agreement, Tall Oak contributed all of its equity interests in Tall Oak Midstream Operating, LLC (“Tall Oak Opco”), to the Partnership, in exchange for aggregate consideration in an amount equal to (i) $425,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/2024218/000202421824000041/0002024218-24-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.