IPO - TXO Partners, L.P.

Form Type: 8-K

Filing Date: 2025-05-20

Corporate Action: Ipo

Type: New

Accession Number: 000155943225000080

Filing Summary: On May 19, 2025, TXO Partners, L.P. completed the sale of an additional 1,750,000 common units at a price of $15.00 per unit as part of its public offering, providing net proceeds of approximately $23.9 million. This transaction was facilitated by granting underwriters a 30-day option to purchase additional units. The details are outlined in a press release attached as Exhibit 99.1.

Form Type: 8-K

Filing Date: 2025-05-14

Corporate Action: Ipo

Type: New

Accession Number: 000155943225000068

Filing Summary: On May 13, 2025, TXO Partners, L.P. entered into an underwriting agreement for the public offering of 11,666,667 common units representing limited partner interests. The underwriters, represented by Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated, have an option to purchase an additional 1,750,000 units within 30 days. The offering is expected to close on May 15, 2025, with gross proceeds estimated at approximately $165.3 million. The funds are primarily intended to finance the acquisition of oil and gas properties from White Rock Energy, LLC, a Quantum Capital Group portfolio company, pending completion of the acquisition. If the acquisition is not completed, proceeds will instead be used to repay outstanding borrowings and for general partnership purposes. On May 14, 2025, a press release was issued regarding the pricing of the offering, which was attached as Exhibit 99.1 to this report.