14 Aug 2025substantial holder notice● Neutral
Glazer Capital, LLC reported no remaining PHX MINERALS INC. shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Aug 2025substantial holder notice● Neutral
Beryl Capital Management LLC reported no remaining PHX MINERALS INC. shareholding in its periodic institutional filing.
14 Aug 2025substantial holder notice● Neutral
SRP CAPITAL ADVISORS, LLC reported no remaining PHX MINERALS INC. shareholding in its periodic institutional filing.
3 July 2025listing compliance notice▼ BadMajor
PHX MINERALS INC. deregistered its securities, ending its obligation to file reports with the SEC.
23 June 2025business combination● NeutralMajor
PHX reports that the WhiteHawk deal closed. On June 23, 2025 the buyer merged into PHX, which is now a wholly owned subsidiary of WhiteHawk Income Corporation. Each remaining share was cancelled and converted into $4.35 cash, except shares of appraisal-demanding holders and company-held shares. The total paid was about $187 million, before fees. PHX repaid and ended its 2021 bank Credit Agreement and became a guarantor of WhiteHawk's note purchase agreement, secured by substantially all of PHX's assets. Trading was suspended and delisting from the NYSE began, with a Form 15 planned to stop its reporting. The CEO and CFO were terminated, all directors resigned, and Jeffrey Slotterback became the sole director. This ends public ownership of PHX.
23 June 2025securities registration● Neutral
PHX MINERALS INC. amended an already-effective registration statement.
23 June 2025securities registration● Neutral
PHX MINERALS INC. amended an already-effective registration statement.
23 June 2025business combination● Neutral
WhiteHawk's side filed the final amendment to its tender offer document, reporting the same result: the offer expired June 20, 2025, with 28,806,761 shares (about 73.7%) tendered and accepted for payment at $4.35. It repeats that the remaining shares will be cashed out in the merger and that the stock will leave the NYSE. It also adds a June 21, 2025 WhiteHawk press release as an exhibit.
23 June 2025listing compliance notice● NeutralMajor
PHX MINERALS INC.'s exchange filed to remove a class of its securities from listing.
23 June 2025listing compliance notice● NeutralMajor
PHX MINERALS INC.'s exchange filed to remove a class of its securities from listing.
23 June 2025securities registration● Neutral
PHX MINERALS INC. amended an already-effective registration statement.
23 June 2025business combination● NeutralMajor
The tender offer expired on June 20, 2025 without extension. 28,806,761 shares, about 73.7% of those outstanding, were tendered, satisfying the minimum condition, and WhiteHawk's buyer accepted them for payment. The filing says the remaining shares will be converted to $4.35 cash in the merger and the stock will leave the NYSE. This resolves the open question about the tender offer's result.
23 June 2025securities registration● Neutral
PHX MINERALS INC. amended an already-effective registration statement.
13 June 2025substantial holder notice● Neutral
HEFNER ROBERT A III reported a PHX MINERALS INC. shareholding of 3,043,870 shares (8.03% of votes) in a periodic institutional filing.
12 June 2025business combination● Neutral
PHX amended its response to the tender offer to add background detail. It discloses that about 60 potential buyers were contacted and about 25 signed confidentiality agreements. WhiteHawk bid $4.50 per share in March 2025, and the final price was $4.35. It also states that CEO Stephens and CFO D'Amico will be terminated at the merger and that WhiteHawk did not plan to retain them. The $4.35 offer terms are unchanged. This adds detail to the sale process and does not change the offer.
30 May 2025substantial holder notice● Neutral
Glazer Capital, LLC disclosed a new substantial PHX MINERALS INC. shareholding (9.20% of votes).
27 May 2025substantial holder notice● Neutral
Beryl Capital Management LLC disclosed a new substantial PHX MINERALS INC. shareholding (8.90% of votes).
22 May 2025business combination● NeutralMajor
PHX filed its formal response to WhiteHawk's tender offer, which began May 22, 2025, for $4.35 cash per share. The offer is set to expire at midnight on June 20, 2025 unless extended, with a majority-of-shares minimum condition and a same-day second-step merger, and it will not need a shareholder vote. The excerpt shown does not include the board's recommendation text, though the earlier context says the board recommended tendering.
22 May 2025business combination▲ GoodMajor
WhiteHawk's subsidiary formally launched its tender offer on May 22, 2025 to buy all PHX shares for $4.35 cash each, filed with the Offer to Purchase dated May 22, 2025. It states 37,922,368 PHX shares were outstanding as of May 8, 2025. The filing lists a debt commitment letter from EIG Credit Management Company, LLC with WhiteHawk dated May 8, 2025, and a limited guarantee from WhiteHawk in favour of PHX. This moves the deal from announcement to the actual offer period; the result is not yet known.
22 May 2025director interest notice● Neutral
Whitehawk Income Corp became a PHX MINERALS INC. 10%+ owner and company insider (initial ownership filing).
19 May 2025director interest notice● Neutral
Whitehawk Income Corp became a PHX MINERALS INC. 10%+ owner and company insider (initial ownership filing).
15 May 2025substantial holder notice● Neutral
Punch & Associates Investment Management, Inc. reported a PHX MINERALS INC. shareholding of 4.20% of votes in a periodic institutional filing.
15 May 2025substantial holder notice● Neutral
WhiteHawk Income Corporation disclosed a new substantial PHX MINERALS INC. shareholding.
12 May 2025business combination● Neutral
This filing only points to PHX's May 12, 2025 Form 8-K (Items 1.01, 5.02, 8.01, 9.01) as its content and carries no new information of its own. The terms are in the 8-K covering the WhiteHawk merger agreement.
9 May 2025business combination● Neutral
WhiteHawk's side filed the same May 8, 2025 press release and social media posts by its CEO Daniel Herz as pre-launch communications for the $4.35 per share cash tender offer for PHX. The tender offer has not yet started, and the filing says it is not an offer to buy shares. It adds no new terms beyond the PHX announcement.
9 May 2025business combination▲ GoodMajor
PHX filed the May 8, 2025 press release announcing a merger agreement under which WhiteHawk Income Corporation, through subsidiaries, will buy PHX for $4.35 cash per share (about $187 million including PHX's net debt). The price is stated as a 21.8% premium to the May 7, 2025 close. The deal is a tender offer followed by a second-step merger. The board unanimously approved it. Directors and officers holding about 10% have agreed to tender, WhiteHawk already holds about 2.5%, and closing is expected by early in the third quarter of 2025, after which PHX will leave the NYSE. This is the first notice of a sale of the whole company; the filing itself is only a pre-offer communication and not yet an offer to buy shares.
8 May 2025quarterly activities report● Neutral
PHX MINERALS INC. reported quarterly revenue of $7.6 million and net income of $4.4 million for the period ended 2025-03-31.
1 Apr 2025director interest notice● Neutral
PHX MINERALS INC. insider Steven L Packebush acquired 4,271 shares at $3.98 under a company stock plan.
1 Apr 2025director interest notice● Neutral
PHX MINERALS INC. insider Glen A Brown acquired 513 shares at $4.00 under a company stock plan.
1 Apr 2025director interest notice● Neutral
PHX MINERALS INC. insider Mark T Behrman acquired 6,895 shares at $3.98 under a company stock plan.