---
schema_version: "secwatch.filing_event.v1"
accession: "0002024218-26-000062"
form_type: "8-K"
ticker: "SMC"
cik: "0002024218"
company_name: "Summit Midstream Corp"
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:53:30.584271+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Summit Midstream raises $42M via private placement of 1.35M shares at $31.08 to Tailwater affiliate

## Summary
- Issued 1,351,351 shares at $31.08/share to Tall Oak Midstream Holdings (Tailwater) for $42M cash.
- Tailwater ownership rises from ~35% to ~39% of Summit's outstanding equity post-closing.
- Proceeds to reduce ABL borrowings and fund organic growth capital projects.
- Shares subject to a 6-month lock-up and sold under Section 4(a)(2) exemption.
- Transaction approved unanimously by independent audit committee; closed March 31, 2026.

## SEC filing metadata
- accession: 0002024218-26-000062
- form_type: 8-K
- ticker: SMC
- cik: 0002024218
- company_name: Summit Midstream Corp
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2024218/000202421826000062/0002024218-26-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2024218/000202421826000062/smc-20260331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002024218-26-000062
- JSON: https://secwatch.observer/filing/0002024218-26-000062.json
- Plain text: https://secwatch.observer/filing/0002024218-26-000062.txt

## Source-grounded claims
- claim_id: 96c2b154df1765fef069d7306db35f638a6fea92
  claim: Summit Midstream Corp entered into Securities Purchase Agreement with Tall Oak Midstream Holdings, LLC valued at $42,000,000 (effective 2026-03-31).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2024218/000202421826000062/0002024218-26-000062-index.htm

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