Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Matador Resources Company on September 4, 2013. The filing reports the entry into a material definitive agreement regarding an underwritten public offering of common stock.
Key Financial Metrics
The filing details a capital raise transaction rather than operational financial results. Key metrics include:
- Shares Issued: 8,500,000 shares of common stock.
- Offering Price: $15.25 per share.
- Over-Allotment Option: Underwriters granted a 30-day option to purchase up to 1,275,000 additional shares.
- Expected Closing Date: September 10, 2013.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity as this is a transactional report, not a periodic financial statement.
Material Changes
The primary material change is the execution of an Underwriting Agreement with RBC Capital Markets, LLC, Citigroup Global Markets Inc., and Scotia Capital (USA) Inc. This agreement facilitates the issuance of new equity under a shelf registration statement (File No. 333-187808) declared effective on May 9, 2013.
Guidance, Outlook, and Risks
The filing includes a Regulation FD disclosure referencing a press release regarding the pricing of the offering. The Company agreed to indemnify the Underwriters against certain liabilities under the Securities Act. No specific operational guidance, outlook, or risk factors beyond standard underwriting liabilities are detailed in the text of this report.
Investor Verification Checklist
- Verify the final closing date of the offering (expected September 10, 2013).
- Confirm whether the underwriters exercised the 30-day option to purchase the additional 1,275,000 shares.
- Review the full text of the Underwriting Agreement (Exhibit 1.1) for specific indemnification terms and conditions.
- Check subsequent filings for the actual proceeds received and the impact on the company's capital structure.