Past year: ▼ 9%(38.4c – 83.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
9 Feb 2023business combination● Neutral
The sponsor's designee deposited $862,500 ($0.10 per public share) into the trust account on February 8, 2023. This extended the deadline to complete a business combination by three months, from February 15 to May 15, 2023.
30 Jan 2023substantial holder notice● Neutral
Barclays PLC, Barclays Bank PLC disclosed a new substantial EON Resources Inc. shareholding (7.81% of votes).
3 Jan 2023agm notice● Neutral
HNR Acquisition Corp agreed on December 27, 2022 to buy 100% of Pogo Resources, LLC for $100 million in cash (up to $15 million via a seller note) plus 2,000,000 shares valued at $10.00 each. Closing required stockholder approval, with an outside date of March 31, 2023.
3 Jan 2023capital raising announcement▲ GoodMajor
HNR Acquisition Corp signed an agreement on Dec 27, 2022 to buy 100% of Pogo Resources, LLC from CIC Pogo LP and its co-sellers. The price was $100M cash, of which up to $15M could be a seller note, plus 2,000,000 shares valued at $10.00 each.
14 Nov 2022quarterly activities report▼ Bad
EON Resources Inc. reported a quarterly net loss of $62 thousand for the period ended 2022-09-30.
21 Oct 2022material agreement● NeutralMajor
Lined up a $150M equity line with White Lion Capital, giving the company the right (not obligation) to sell stock to White Lion at 96% of the lowest two-day VWAP -- a standing but dilutive financing source put in place ahead of an eventual business combination.
15 Aug 2022quarterly activities report▼ Bad
EON Resources Inc. reported a quarterly net loss of $481 thousand for the period ended 2022-06-30.
17 May 2022late filing notice▼ Bad
EON Resources Inc. notified the SEC that its quarterly report would be filed late.
17 May 2022quarterly activities report▼ Bad
HNR Acquisition Corp reported a net loss of about $268 thousand for the quarter ended March 31, 2022, on $276 thousand of formation and operating costs, partly offset by $8 thousand of trust interest income.
4 Apr 2022listing compliance notice● NeutralMajor
EON Resources Inc.'s exchange filed to remove a class of its securities from listing.
1 Apr 2022late filing notice▼ Bad
EON Resources Inc. notified the SEC that its annual report would be filed late.
22 Mar 2022director interest notice● Neutral
Joseph V Salvucci Jr. became a EON Resources Inc. director and company insider (initial ownership filing).
22 Mar 2022director interest notice● Neutral
Joseph V Sr Salvucci became a EON Resources Inc. director and company insider (initial ownership filing).
18 Mar 2022director interest notice● Neutral
Donald W Orr became a EON Resources Inc. President and company insider (initial ownership filing).
16 Mar 2022auditor change● Neutral
HNR Acquisition Corp amicably dismissed Malone Bailey as auditor on March 10, 2022 and engaged Marcum LLP. Malone Bailey's report on the 2020 financials carried a going-concern paragraph citing recurring losses and a net capital deficiency, with no disagreements.
28 Feb 2022director interest notice● Neutral
Donald Goree became a EON Resources Inc. Chief Executive Officer and company insider (initial ownership filing).
28 Feb 2022substantial holder notice● Neutral
OCM Value SPAC Holdings, L.P, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Asset Management Inc, BAM Partners Trust disclosed a new substantial EON Resources Inc. shareholding (5.20% of votes).
22 Feb 2022business combination● Neutral
Filed an audited balance sheet confirming receipt of the IPO and private-placement proceeds into trust -- a routine post-IPO formality.
18 Feb 2022substantial holder notice● Neutral
Saba Capital Management, L.P, Boaz R. Weinstein, Saba Capital Management GP, LLC disclosed a new substantial EON Resources Inc. shareholding (5.50% of votes).
16 Feb 2022capital raising announcement▲ GoodMajor
HNR Acquisition Corp, a blank-check SPAC, completed its IPO -- $86.25M from public units plus a $5.05M private placement to its sponsor, HNRAC Sponsors LLC -- starting the clock to find and close an initial business combination.
14 Feb 2022securities registration● Neutral
EON Resources Inc. filed the final prospectus for a registered offering.
9 Feb 2022listing compliance notice▲ GoodMajor
the exchange certified EON Resources Inc.'s securities for listing, clearing them to begin trading.
7 Feb 2022securities registration● Neutral
EON Resources Inc. amended a filing by which it registered a securities offering with the SEC.
28 Dec 2021securities registration● Neutral
EON Resources Inc. amended a filing by which it registered a securities offering with the SEC.
29 Jan 2021securities registration● Neutral
EON Resources Inc. registered a securities offering with the SEC.
27 Jan 2021securities registration● Neutral
EON Resources Inc. confidentially submitted a draft registration statement to the SEC.
