Talos Energy Inc (TALO) just unveiled an update.
In a significant move in the financial market, Talos Energy Inc. has completed its merger with QuarterNorth, resulting in Talos issuing over 24 million shares and paying around $1.27 billion. QuarterNorth shareholders now have various registration rights for their new Talos shares. Furthermore, with the merger’s conclusion, Joseph A. Mills, with extensive experience in the oil and gas industry, has been appointed to Talos’s Board of Directors. The merger also led to the QNE Entities guaranteeing obligations under Talos Production’s senior secured notes, strengthening the financial foundation of the merged entity.
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