Comstock Resources Files 8-K: Material Definitive Agreement
Ticker: CRK · Form: 8-K · Filed: Mar 25, 2024 · CIK: 23194
Sentiment: neutral
Topics: material-definitive-agreement, financial-statements, exhibits
Related Tickers: CRK
TL;DR
Comstock Resources (CRK) filed an 8-K on 3/25 for a material definitive agreement. Details TBD.
AI Summary
On March 25, 2024, Comstock Resources, Inc. entered into a material definitive agreement related to its financial statements and exhibits. The filing does not specify the nature of the agreement or any associated dollar amounts.
Why It Matters
This filing indicates a significant new agreement for Comstock Resources, Inc., which could impact its financial position and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement's nature and financial implications introduces uncertainty.
Key Players & Entities
- COMSTOCK RESOURCES INC (company) — Filer
- March 25, 2024 (date) — Date of Report
- 0000023194 (company) — Central Index Key
- 5300 Town and Country Blvd. Suite 500 (location) — Principal Executive Offices Address
- Frisco, Texas (location) — Principal Executive Offices City and State
- 75034 (location) — Principal Executive Offices Zip Code
- (972) 668-8800 (phone_number) — Registrant's Telephone Number
FAQ
What is the nature of the material definitive agreement entered into by Comstock Resources, Inc. on March 25, 2024?
The filing does not specify the nature of the material definitive agreement, only that it is related to financial statements and exhibits.
Are there any specific dollar amounts or financial terms disclosed in this 8-K filing?
No, this 8-K filing does not disclose any specific dollar amounts or financial terms related to the material definitive agreement.
What is the primary business of Comstock Resources, Inc. according to the filing?
Comstock Resources, Inc. is primarily involved in Crude Petroleum & Natural Gas, as indicated by its Standard Industrial Classification code [1311].
When was Comstock Resources, Inc. incorporated and in which state?
Comstock Resources, Inc. was incorporated in Nevada.
What is the address of Comstock Resources, Inc.'s principal executive offices?
The principal executive offices are located at 5300 Town and Country Blvd., Suite 500, Frisco, Texas 75034.
Filing Stats: 764 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-03-25 17:24:37
Key Financial Figures
- $0.50 — ch registered Common Stock, par value $0.50 (per share) CRK New York Stock Exch
Filing Documents
- crk-20240325.htm (8-K) — 40KB
- crk-ex10_1.htm (EX-10.1) — 152KB
- 0000950170-24-036008.txt ( ) — 329KB
- crk-20240325.xsd (EX-101.SCH) — 24KB
- crk-20240325_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On March 25, 2024, Comstock Resources, Inc. (the "Company") completed the previously announced sale and issuance of an aggregate of 12,500,000 shares of its common stock, par value $0.50 per share (the "Common Stock"), to Arkoma Drilling L.P., a Texas limited partnership ("Arkoma") and Williston Drilling L.P., a Texas limited partnership ("Williston" and, together with Arkoma, the "Jones Purchasers"), pursuant to the Subscription Agreement dated March 21, 2024 in reliance on an exemption from the registration requirements of the Securities Act by virtue of Section 4(a)(2) and/or other exemptions thereunder, as promulgated by the SEC under the Securities Act. In connection with the consummation of the transactions contemplated by the Subscription Agreement, the Company, Arkoma and Williston amended and restated that certain Amended and Restated Registration Rights Agreement, dated June 7, 2019, among the parties by entering into the Second Amended and Restated Registration Rights Agreement dated March 25, 2024 (the "Second A&R Registration Agreement"). The Second A&R Registration Agreement provides the Jones Purchasers with customary registration rights. The Second A&R Registration Agreement, among other things, requires the Company to file, not later than 90 days after the date of the Second A&R Registration Agreement, a shelf registration statement under the Securities Act to permit the public resale of all of the Registrable Securities (as defined in the Second A&R Registration Agreement) held by the Jones Purchasers from time to time as permitted by Rule 415 under the Securities Act. In certain circumstances, and subject to certain qualifications and limitations, holders of Registerable Securities will have piggyback registration rights on offerings of Common Stock by the Company as well as the right to request that the Company initiate an Underwritten Offering (as defined in the Second A&R Registration Ag
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Second Amended and Restated Registration Rights Agreement, dated March 25, 2024, by and among the Company, Arkoma Drilling, L.P. and Williston Drilling, L.P. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. COMSTOCK RESOURCES, INC. Date: March 25, 2024 By: /s/ Roland O. Burns Roland O. Burns President and Chief Financial Officer