28 Apr 2017securities registration● Neutral
LILIS ENERGY, INC. registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Apr 2017director interest notice● Neutral
LILIS ENERGY, INC. Chief Executive Officer Abraham Mirman converted derivative holdings into 1,639,000 shares.
27 Apr 2017capital raising announcement▲ GoodMajor
Lilis overhauled its capital structure: it drew a $15 million first-lien bridge loan against its Permian Basin assets, then used a brand-new $125 million second-lien facility - $80 million drawn immediately, led by institutional lender Varde Partners - to pay off its entire 2016 term loan in full. Landing a lender of Varde's scale, after two years of penny-stock bridge notes, was a real marker of the company's turnaround.
27 Apr 2017director interest notice● Neutral
LILIS ENERGY, INC. director Nuno Brandolini exercised options for 40,000 shares.
27 Apr 2017director interest notice● Neutral
LILIS ENERGY, INC. Executive Chairman Ronald D Ormand acquired 1,033,334 shares and disposed of 41,000 in a set of related equity transactions.
14 Apr 2017auditor change● NeutralMajor
Lilis dismissed auditor Marcum LLP and engaged BDO USA in a routine transition with no disagreements - but the filing surfaced that Marcum's audit report for fiscal 2015 had carried explicit going-concern doubt about the company's ability to continue, and that a related internal-controls weakness disclosed in that 2015 10-K was only remediated by the 2016 annual report.
3 Apr 2017quarterly activities report▼ Bad
LILIS ENERGY, INC. reported a quarterly net loss of $8.8 million for the period ended 2017-03-31.
3 Apr 2017securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
3 Apr 2017securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
16 Mar 2017securities registration● Neutral
LILIS ENERGY, INC. filed notice of an exempt private placement.
13 Mar 2017securities registration● Neutral
LILIS ENERGY, INC. amended an already-effective registration statement.
13 Mar 2017securities registration● Neutral
LILIS ENERGY, INC. registered a securities offering with the SEC.
13 Mar 2017listing compliance notice▲ GoodMajor
Nasdaq certified LILIS ENERGY, INC.'s securities for listing, clearing them to begin trading.
10 Mar 2017material agreement▲ GoodMajor
Lilis Energy's stock returned to Nasdaq (Capital Market tier) under its LLEX symbol on March 14, 2017, resolving the delisting that had pushed it to the OTCQB the previous July.
10 Mar 2017substantial holder notice● Neutral
Jonathan M. Glaser, Nancy E. Glaser, The Jonathan & Nancy Glaser Family Trust DTD reported a LILIS ENERGY, INC. shareholding of 1,283,542 shares (6.72% of votes) in a periodic institutional filing.
10 Mar 2017substantial holder notice● Neutral
Jonathan M. Glaser disclosed a new substantial LILIS ENERGY, INC. shareholding (5.09% of votes).
9 Mar 2017director interest notice● Neutral
Seth D Blackwell Blackwell became a LILIS ENERGY, INC. officer and company insider (initial ownership filing).
2 Mar 2017capital raising announcement▲ GoodMajor
Lilis raised about $20 million in a private placement priced at $3.85/unit - far healthier terms than the sub-$1 distress financing of 2016 - to fund a new push into Delaware Basin (Permian) development and leasing, marking the start of a strategic shift toward the Permian.
2 Mar 2017securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
28 Feb 2017director interest notice● Neutral
Edward Brett Shaw became a LILIS ENERGY, INC. company insider (initial ownership filing).
14 Feb 2017substantial holder notice● Neutral
Bryan Ezralow disclosed a new substantial LILIS ENERGY, INC. shareholding (8.20% of votes).
14 Feb 2017substantial holder notice● Neutral
Marc Ezralow disclosed a new substantial LILIS ENERGY, INC. shareholding (6.40% of votes).
13 Feb 2017director interest notice● Neutral
Joseph C Daches became a LILIS ENERGY, INC. EVP, CFO and Treasurer and company insider (initial ownership filing).
10 Feb 2017debt financing▲ Good
Lilis drew on the accordion feature of its 2016 term loan, raising it from $31 million to $38.1 million to fund drilling and working capital, with $11.9 million of headroom left.
8 Feb 2017director interest notice● Neutral
LILIS ENERGY, INC. Chief Operating Officer Brennan Dane Short received 75,000 shares and a 250,000-share option grant as part of the equity award.
8 Feb 2017director interest notice● Neutral
Brennan Dane Short became a LILIS ENERGY, INC. Chief Operating Officer and company insider (initial ownership filing).
2 Feb 2017director interest notice● Neutral
LILIS ENERGY, INC. director R Glenn Dawson acquired 224,906 shares and disposed of 125 in a set of related equity transactions.
2 Feb 2017director interest notice● Neutral
LILIS ENERGY, INC. director Merrill A Mcpeak received 18,333 shares as part of the equity award.
2 Feb 2017director interest notice● Neutral
LILIS ENERGY, INC. director Nuno Brandolini received 15,000 shares as part of the equity award.
2 Feb 2017director interest notice● Neutral
LILIS ENERGY, INC. director Peter Benz received 15,000 shares as part of the equity award.