4 Nov 2016director interest notice● Neutral
Stuart Emlyn Davies became a Yuma Energy, Inc. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Nov 2016director interest notice● Neutral
Evercore Partners II LLC became a Yuma Energy, Inc. 10%+ owner and company insider (initial ownership filing).
1 Nov 2016business combination● NeutralMajor
Yuma Energy reincorporated from California to Delaware and merged with Davis Petroleum Acquisition Corp, issuing about 7.46M shares and 1.75M Series D preferred shares to Davis's holders (bringing in PE investors Red Mountain Capital Partners, Sankaty/Bain, HarbourVest and Dover Street). The combined company took on a new $75M, three-year senior secured revolving credit facility with Societe Generale, initial borrowing base $44M, maturing October 2019, with covenants including a 3.5x debt-to-EBITDAX limit.
25 Oct 2016listing compliance notice▲ GoodMajor
the New York Stock Exchange certified Yuma Energy, Inc.'s securities for listing, clearing them to begin trading.
22 Sept 2016securities registration● Neutral
Yuma Energy, Inc. filed a prospectus supplement for an offering off its existing shelf.