EON Resources Inc., an independent upstream energy company operating in the Permian Basin, has announced that its management team and several independent directors have purchased a combined total of 364,000 shares of the company's Class A Common Stock on the open market. This move comes after the lifting of a black-out period that had restricted stock purchases. EON's President and CEO, Dante Caravaggio, expressed optimism about the company's future, particularly following the publication of second-quarter results and anticipated funding in September. Joseph Salvucci, Sr., Chairman of the Board, emphasized that these purchases reflect the team's strong belief in the company's potential and commitment to its shareholders. The group collectively owns around 3 million shares, underscoring their investment in EON's success.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EON Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1066080) on August 27, 2025, and is solely responsible for the information contained therein.
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