1 Apr 2014material agreement termination▼ BadMajor
Lilis Energy walked away from its proposed merger with Shoreline Energy Corp, terminating the letter of intent less than two months after signing it.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2014late filing notice▼ Bad
LILIS ENERGY, INC. notified the SEC that its annual report would be filed late.
4 Mar 2014substantial holder notice● Neutral
Hexagon, LLC, Scott J. Reiman reported a LILIS ENERGY, INC. shareholding of 2,558,471 shares (9.30% of votes) in a periodic institutional filing.
21 Feb 2014securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
14 Feb 2014substantial holder notice● Neutral
Wallington Investment Holdings, Ltd, Silvercreek Investment Limited Inc, Mr. Pierre Caland reported a LILIS ENERGY, INC. shareholding of 2,024,261 shares (10.30% of votes) in a periodic institutional filing.
12 Feb 2014securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
11 Feb 2014material agreement● NeutralMajor
Lilis Energy signed a binding letter of intent to merge with Alberta-based Shoreline Energy Corp in a share-for-share plan of arrangement, with Shoreline shareholders to receive 6.67 million Lilis shares and Shoreline becoming a wholly owned subsidiary - contingent on a definitive agreement, court and Nasdaq approval, and each side completing its own refinancing.
10 Feb 2014securities registration● Neutral
LILIS ENERGY, INC. filed notice of an exempt private placement.
6 Feb 2014securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
6 Feb 2014capital raising announcement▼ BadMajor
Lilis Energy converted $9 million of its roughly $15.6 million in convertible debentures into stock at just $2.00/share - a steep cut from the $4.25 conversion price set in 2011 - with the remaining $6.6 million convertible pending shareholder approval, trading balance-sheet relief for heavy dilution.
28 Jan 2014capital raising announcement▲ GoodMajor
Newly renamed Lilis Energy, Inc. (formerly Recovery Energy) closed a $7.5 million private placement of stock and warrants, with insiders committing $1.4 million of it, and said the raise resolved the stockholders'-equity shortfall Nasdaq had flagged the previous August - though Nasdaq would keep monitoring compliance going forward.
28 Jan 2014securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
27 Jan 2014securities registration● Neutral
LILIS ENERGY, INC. filed notice of an exempt private placement.
14 Nov 2013quarterly activities report▼ Bad
LILIS ENERGY, INC. reported quarterly revenue of $1.1 million and a net loss of $2.9 million for the period ended 2013-09-30.
7 Oct 2013material agreement● Neutral
Recovery Energy finished collecting the $2.2 million from its June debenture sale, again noting company officers and directors among the investors.
23 Sept 2013securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
20 Aug 2013listing compliance notice▼ BadMajor
Nasdaq warned Recovery Energy that its stockholders' equity had fallen to $8.27 million, below the $10 million minimum for its Global Market listing, giving it 45 days to propose a fix or fall back to the junior Nasdaq Capital Market.
15 Aug 2013quarterly activities report▼ Bad
LILIS ENERGY, INC. reported quarterly revenue of $1.3 million and a net loss of $2.7 million for the period ended 2013-06-30.
15 Aug 2013securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
15 Aug 2013late filing notice▼ Bad
LILIS ENERGY, INC. notified the SEC that its quarterly report would be filed late.
13 Aug 2013securities registration● Neutral
LILIS ENERGY, INC. filed a prospectus supplement covering resales by selling shareholders.
22 July 2013securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
2 July 2013securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
21 June 2013capital raising announcement▼ BadMajor
Recovery Energy sold $2.2 million more of its 8% convertible debentures on the same $4.25 conversion terms as its existing $13.4 million, to fund Wattenberg and Laramie County drilling - with the company's own officers and directors among the buyers, a sign outside capital was getting harder to attract.
21 May 2013securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
14 May 2013quarterly activities report▼ Bad
LILIS ENERGY, INC. reported quarterly revenue of $1.3 million and a net loss of $2.1 million for the period ended 2013-03-31.
7 May 2013substantial holder notice● Neutral
G. TYLER RUNNELS disclosed a new substantial LILIS ENERGY, INC. shareholding (6.10% of votes).
25 Apr 2013substantial holder notice● Neutral
Hexagon, LLC, Scott J. Reiman reported a LILIS ENERGY, INC. shareholding of 2,675,000 shares (13.70% of votes) in a periodic institutional filing.
1 Apr 2013late filing notice▼ Bad
LILIS ENERGY, INC. notified the SEC that its annual report would be filed late.
22 Jan 2013securities registration● Neutral
LILIS ENERGY, INC. registered a securities offering with the SEC.