Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.99
Summit Midstream Corp issued 1,351,351 shares of common stock to affiliate of Tailwater Capital LLC for $42 million ($31.08 per share).
- Security
- common stock
- Shares
- 1,351,351 shares
- Purchaser
- affiliate of Tailwater Capital LLC
- Consideration
- $42 million ($31.08 per share)
Exact text from the filing
Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it and its subsidiary, Summit Midstream Partners, LP (the "Partnership"), have entered into a securities purchase agreement with an affiliate of Tailwater Capital LLC ("Tailwater"), for a private placement of 1,351,351 shares of the Company's common stock, at a price of $31.08 per share.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Summit Midstream Corp entered into Securities Purchase Agreement with Tall Oak Midstream Holdings, LLC valued at $42,000,000 (effective 2026-03-31).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Tall Oak Midstream Holdings, LLC
- Value
- $42,000,000
- Effective
- 2026-03-31
Exact text from the filing
On March 31, 2026, Summit Midstream Corporation, a Delaware corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”), by and among the Company, Summit Midstream Partners, LP, a Delaware limited partnership (the “Partnership”), and Tall Oak Midstream Holdings, LLC, a Delaware limited liability company (the “Tall Oak Midstream Holdings”), and solely for purposes of modifying certain existing registration rights as detailed in the Purchase Agreement, Connect Midstream, LLC, a Delaware limited liability company (“Connect Midstream”), pursuant to which the Company agreed to issue and sell to Tall Oak Midstream Holdings (or its designated members) 1,351,351 shares (the “Shares”) of common stock of the Company (“Common Stock”) in exchange for $42,000,000 in cash.
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