Comstock Resources closes sale of 12.5 million shares to Jones-affiliated buyers
Comstock Resources completed the previously announced sale of 12,500,000 common shares to Arkoma Drilling L.P. and Williston Drilling L.P. under a March 21, 2024 subscription agreement. The company also signed a second amended and restated registration rights agreement giving the buyers resale registration rights, which could add future shares to the public market.
- Shares issued: 12,500,000 common shares, par value $0.50, to Arkoma Drilling L.P. and Williston Drilling L.P.
- Closing date: March 25, 2024, under a subscription agreement dated March 21, 2024
- Company must file a shelf registration statement within 90 days of the March 25, 2024 agreement to permit public resale of the buyers' shares
- The filing does not state the purchase price or total proceeds