Mergers & Acquisitions ·
WhiteHawk Minerals completes SJM II Acquisition for approximately $96.8 million
WHKWhiteHawk Minerals Corp.
WhiteHawk Minerals Corp. completed the SJM II Acquisition on September 25, 2026, purchasing mineral interests in the Marcellus and Haynesville shale basins for approximately $96.8 million after customary adjustments. The transaction was funded by a combination of cash on hand, proceeds from a private placement of Class A Common Stock that closed on September 21, 2026, and a $50.0 million issuance of Series E Preferred Stock completed on September 23, 2026. The Series E Preferred Stock carries an annual dividend rate starting at 10% through March 31, 2027, increasing to 12% thereafter. Concurrently, the Company amended its revolving credit facility with Capital One, increasing the aggregate elected commitments and borrowing base from $150.0 million to $175.0 million. WhiteHawk Minerals Corp. operates in the energy sector as a natural gas-focused mineral and royalty company.