8 June 2022director interest notice● Neutral
Britton L. James became a STR Sub Inc. officer and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 June 2022director interest notice● Neutral
STR Sub Inc. officer Brett S. Riesenfeld received 52,161 shares and a 52,161-share option grant as part of the equity award.
8 June 2022director interest notice● Neutral
STR Sub Inc. officer Jarret J. Marcoux received 52,161 shares and a 52,161-share option grant as part of the equity award.
8 June 2022director interest notice● Neutral
Noam Lockshin became a STR Sub Inc. director and company insider (initial ownership filing).
8 June 2022director interest notice● Neutral
STR Sub Inc. officer Britton L. James received 52,161 shares and a 52,161-share option grant as part of the equity award.
8 June 2022director interest notice● Neutral
STR Sub Inc. Chief Financial Officer Carrie L. Osicka received 60,186 shares and a 60,186-share option grant as part of the equity award.
8 June 2022director interest notice● Neutral
Jarret J. Marcoux became a STR Sub Inc. officer and company insider (initial ownership filing).
8 June 2022director interest notice● Neutral
Alice E Gould became a STR Sub Inc. director and company insider (initial ownership filing).
8 June 2022director interest notice● Neutral
Brett S. Riesenfeld became a STR Sub Inc. officer and company insider (initial ownership filing).
8 June 2022director interest notice● Neutral
Jim Norris became a STR Sub Inc. Vice President - Controller and company insider (initial ownership filing).
8 June 2022director interest notice● Neutral
Carrie L. Osicka became a STR Sub Inc. Chief Financial Officer and company insider (initial ownership filing).
24 May 2022substantial holder notice● Neutral
Freestone Investments LLC, Freestone Capital Management, LLC, Gary Furukawa reported a STR Sub Inc. shareholding of 1,133,175 shares (2.40% of votes) in a periodic institutional filing.
9 May 2022quarterly activities report▼ Bad
STR Sub Inc. reported quarterly revenue of $22.3 million and a net loss of $1.1 million for the period ended 2022-03-31.
5 May 2022business combination● NeutralMajor
Falcon filed its final proxy statement for the Desert Peak merger, setting a virtual special meeting for June 3, 2022 (record date April 18, 2022). Stockholders vote on the share issuance, a 4-for-1 reverse split, and a name change to Sitio Royalties Corp. (the earlier draft said Desert Peak Minerals Inc.), plus charter changes, an incentive plan and three director elections. This fills in the blanks left in the February preliminary proxy; new tickers STR and STR WS are expected, with a later move to the NYSE.
4 May 2022quarterly activities report▼ Bad
STR Sub Inc. reported quarterly revenue of $22.3 million and a net loss of $1.1 million for the period ended 2022-03-31.
7 Mar 2022substantial holder notice● Neutral
Adage Capital Partners, L.P, Adage Capital Partners GP, L.L.C, Adage Capital Advisors, L.L.C, Robert Atchinson, Phillip Gross disclosed a new substantial STR Sub Inc. shareholding (5.23% of votes).
14 Feb 2022substantial holder notice● Neutral
Nantahala Capital Management, LLC, Wilmot B. Harkey, Daniel Mack reported a STR Sub Inc. shareholding of 3,252,729 shares (6.90% of votes) in a periodic institutional filing.
14 Feb 2022substantial holder notice● Neutral
Freestone Investments LLC, Freestone Capital Management, LLC, Gary Furukawa reported a STR Sub Inc. shareholding of 2,211,484 shares (4.70% of votes) in a periodic institutional filing.
14 Feb 2022substantial holder notice● Neutral
Samlyn Capital, LLC, Samlyn Onshore Fund, LP, Samlyn Partners, LLC, Samlyn, LP, Robert Pohly reported no remaining STR Sub Inc. shareholding in its periodic institutional filing.
9 Feb 2022business combination● NeutralMajor
Falcon filed a preliminary proxy statement (dated February 9, 2022) asking stockholders to vote on the Desert Peak merger, including approval of share issuance under Nasdaq rules, a 4-for-1 reverse stock split with a name change to Desert Peak Minerals Inc., a new charter (declassified board, stockholder written consent), a new incentive plan and adjournment. Royal Resources has agreed to vote its Class C shares in favor; meeting date, record date and new ticker symbols are still blank. The maximum additional consideration is stated as 12,621,359 Class C shares, assuming Falcon's debt is not above $45,000,000. This continues the January 2022 merger agreement.
8 Feb 2022substantial holder notice● Neutral
Foxhill Capital Partners, LLC, Neil Weiner reported a STR Sub Inc. shareholding of 1,710,532 shares (3.70% of votes) in a periodic institutional filing.
3 Feb 2022substantial holder notice● Neutral
BlackRock, Inc reported a STR Sub Inc. shareholding of 3,082,972 shares (6.60% of votes) in a periodic institutional filing.
25 Jan 2022substantial holder notice● Neutral
Eric M. Mindich, Everblue Osprey reported a STR Sub Inc. shareholding of 1,968,305 shares (4.19% of votes) in a periodic institutional filing.
13 Jan 2022substantial holder notice● Neutral
Royal Resources L.P, Royal Resources GP L.L.C, Blackstone Energy Management Associates L.L.C, Blackstone Management Associates VI L.L.C, Blackstone EMA L.L.C, BMA VI L.L.C, Blackstone Holdings III L.P, Blackstone Holdings III GP L.P, Blackstone Holdings III GP Management L.L.C, Blackstone Inc, Blackstone Group Management L.L.C, Stephen A. Schwarzman reported a STR Sub Inc. shareholding of 35,197,643 shares (43.10% of votes) in a periodic institutional filing.
12 Jan 2022business combination● NeutralMajor
On January 11, 2022, Falcon agreed to merge with DPM HoldCo, LLC (Desert Peak), with Desert Peak's owners receiving 235,000,000 Class C shares and 235,000,000 Opco units, plus possible additional shares tied to debt levels at $5.15 each, all adjusted for a planned 4-for-1 reverse stock split. The deal needs stockholder approval, Nasdaq listing approval, antitrust clearance, available liquidity of at least $65,000,000 and Sierra net debt of no more than $140,000,000, and has an outside date of July 11, 2022; Falcon would owe a $13,900,000 payment if it ends the deal for a superior proposal. This is a new transaction beyond the 2018 Royal Resources combination; the board acted on the recommendation of a committee of disinterested directors.
5 Nov 2021quarterly activities report● Neutral
STR Sub Inc. reported quarterly revenue of $33.7 million and net income of $5.8 million for the period ended 2021-09-30.
5 Nov 2021quarterly activities report● Neutral
STR Sub Inc. reported quarterly revenue of $33.7 million and net income of $5.8 million for the period ended 2021-09-30.
20 Sept 2021securities registration● Neutral
STR Sub Inc. registered a securities offering with the SEC using its shelf eligibility.
26 Aug 2021director interest notice● Neutral
STR Sub Inc. Chief Operating Officer Michael J Downs had 4,800 shares withheld for taxes on vesting stock.
26 Aug 2021director interest notice● Neutral
STR Sub Inc. Chief Accounting Officer Stephen J. Pilatzke had 4,935 shares withheld for taxes on vesting stock.