SM Energy Company has provided an update regarding its pending combination with Civitas Resources, Inc. Under the terms of the agreement, Cars Merger Sub, Inc., a wholly owned subsidiary of SM Energy, will merge with and into Civitas, after which Civitas will become a wholly owned subsidiary of SM Energy. Immediately following this step, Civitas will merge with and into SM Energy, with SM Energy continuing as the surviving entity. SM Energy also disclosed that it has received multiple demand letters from purported stockholders raising concerns about the adequacy of disclosures related to the transaction. In response, the company has voluntarily supplemented its disclosures to address these concerns, though it maintains that no additional information was required.
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. SM Energy Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-004849), on January 20, 2026, and is solely responsible for the information contained therein.
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