EON Resources Inc. Files 8-K with Stock and Warrant Details
Ticker: EONR-WT · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1842556
Sentiment: neutral
Topics: corporate-action, stock-structure, warrants
Related Tickers: EONR
TL;DR
EON Resources Inc. filed an 8-K detailing its stock and warrant terms, with warrants exercisable at $11.50.
AI Summary
EON Resources Inc. filed an 8-K on November 22, 2024, reporting on various corporate events. The filing includes information about the company's structure, including its Class Common Stock and Redeemable Warrants, which are exercisable for shares at $11.50. The company was formerly known as HNR Acquisition Corp. before changing its name on January 26, 2021.
Why It Matters
This filing provides crucial details about EON Resources Inc.'s capital structure, including the terms of its common stock and redeemable warrants, which are important for investors to understand potential dilution and exercise scenarios.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain any immediate negative news or significant financial distress.
Key Numbers
- $11.50 — Warrant Exercise Price (Price at which redeemable warrants can be exercised.)
Key Players & Entities
- EON Resources Inc. (company) — Registrant
- HNR Acquisition Corp. (company) — Former company name
- January 26, 2021 (date) — Date of name change
- November 22, 2024 (date) — Date of report
- $11.50 (dollar_amount) — Warrant exercise price
FAQ
What is the par value of EON Resources Inc.'s Class Common Stock?
The par value of EON Resources Inc.'s Class Common Stock is $0.0001 per share.
What are the terms of EON Resources Inc.'s Redeemable Warrants?
The Redeemable Warrants are exercisable for three-quarters of one share of Class Common Stock at an exercise price of $11.50 per share.
When did EON Resources Inc. change its name from HNR Acquisition Corp.?
EON Resources Inc. changed its name from HNR Acquisition Corp. on January 26, 2021.
What is the Standard Industrial Classification (SIC) code for EON Resources Inc.?
The SIC code for EON Resources Inc. is 1311, which corresponds to Crude Petroleum & Natural Gas.
What is the filing date of this 8-K report?
This 8-K report was filed on November 22, 2024.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 9.3 · Accepted 2024-11-22 17:20:11
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share EONR NYSE American Rede
- $11.50 — A Common Stock at an exercise price of $11.50 per share EONR WS NYSE American I
Filing Documents
- ea0222381-8k_eonresour.htm (8-K) — 34KB
- ea022238101ex99-1_eonresour.htm (EX-99.1) — 9KB
- 0001213900-24-101690.txt ( ) — 263KB
- eonr-20241122.xsd (EX-101.SCH) — 4KB
- eonr-20241122_def.xml (EX-101.DEF) — 26KB
- eonr-20241122_lab.xml (EX-101.LAB) — 36KB
- eonr-20241122_pre.xml (EX-101.PRE) — 25KB
- ea0222381-8k_eonresour_htm.xml (XML) — 6KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On November 22, 2024, EON Resources, Inc. (the "Company"), issued a press release announcing the postponement of the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). A copy of such press release is included hereto as Exhibit 99.1. The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01. Other Events
Item 8.01. Other Events. On November 22, 2024, the Company announced that the Company anticipates that it will not have a sufficient number of shares of the Company's common stock present in person or represented by proxy at the Annual Meeting, originally scheduled for Monday, November 25 at 2:30 p.m. Eastern Time, to constitute a quorum. All proposals are currently receiving a sufficient number to pass, if a quorum was achieved. The Company has decided to postpone the Annual Meeting to 2:30 p.m. Eastern Time on December 10, 2024. The Annual Meeting will be conducted via live webcast at the following address: https://www.cstproxy.com/eonr/2024. The close of business on November 7, 2024 will continue to be the record date for the determination of stockholders of the Company entitled to vote at the Annual Meeting. Stockholders of the Company who have previously submitted their proxy or otherwise voted and who do not want to change their vote do not need to take any action. No changes have been made in the proposals to be voted on by stockholders at the Annual Meeting. The Company encourages all of its stockholders to read the Company's definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission (the "SEC") on November 13, 2024 (the "Proxy Statement"), which is available free of charge on the SEC's website at www.sec.gov, and on the Company's website at https://www.eon-r.com/investor-relations. The Company will continue to solicit votes from its stockholders with respect to the proposals set forth in the Proxy Statement. The Company encourages all stockholders who have not yet voted to do so before December 9, 2024 at 11:59 p.m., Eastern Time.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits The following exhibits are being filed herewith: Exhibit Number Description 99.1 Press Release of EON Resources, Inc. issued on November 22, 2024. 107 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. November 22, 2024 EON Resources Inc. By: /s/ Mitchell B. Trotter Name: Mitchell B. Trotter Title: Chief Financial Officer 2