IPO - Summit Midstream Corp

Form Type: S-3

Filing Date: 2025-03-24

Corporate Action: Ipo

Type: New

Accession Number: 000101376225001224

Filing Summary: On March 24, 2025, Summit Midstream Corporation filed a Registration Statement on Form S-3 with the SEC to register the offering of various securities, including common stock, preferred stock, depositary shares, warrants, purchase contracts, and units, with an aggregate initial offering price not exceeding $240,000,000. The registration will allow the company to offer and sell securities from time to time after the effective date of the registration statement. This prospectus includes details about 7,933,273 shares of common stock to be offered by selling stockholders. The company will not receive proceeds from these sales, as the selling stockholders are responsible for those sales. The document outlines risks associated with the investment in these securities and emphasizes that the registration serves as a shelf registration, enabling future offerings under the same terms. The document also provides general descriptions of the company’s operations in the midstream energy sector, focusing on their gathering and processing services in multiple U.S. basins and the integration of operations from the Tall Oak Acquisition. Investors are warned of various risks, including market fluctuations, operational hazards, and regulatory conditions impacting the energy sector.

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