As disclosed in the Current Report on Form 8-K filed by the Issuer with the SEC on May 16, 2024, on May 15, 2024, the Issuer entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SilverBow Resources, Inc., a Delaware corporation (“SilverBow”), Artemis Acquisition Holdings Inc., a Delaware corporation and a direct wholly owned subsidiary of Issuer (“Artemis Holdings”), Artemis Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of the Issuer (“Merger Sub Inc.”), and Artemis Merger Sub II LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Artemis Holdings (“Merger Sub LLC,” and together with the Issuer, Artemis Holdings and Merger Sub Inc., the “Issuer Parties”), pursuant to which, among other things and upon the terms and subject to the conditions set forth therein, (i) at the Initial Merger Effective Time (as defined in the Merger Agreement), Merger Sub Inc. will be merged with and into SilverBow (the “Initial Merger”), whereupon the separate existence of Merger Sub Inc. will cease, and SilverBow will be the surviving corporation of such merger (the “Initial Surviving Corporation”) as a direct wholly owned subsidiary of the Issuer, and (ii) at the Subsequent Merger Effective Time (as defined in the Merger Agreement), the Initial Surviving Corporation will be merged with and into Merger Sub LLC, whereupon the separate existence of the Initial Surviving Corporation will cease, and Merger Sub LLC will continue as the surviving company of the Subsequent Merger as a direct wholly owned subsidiary of Artemis Holdings.
Concurrently with the execution of the Merger Agreement, on May 15, 2024, John C. Goff, Goff MCF, Family Investments, Goff Family Trust, Holdings, Goff MCEP, MCEP II, Goff Energy and Goff Foundation (the “Goff Holders”), each as a stockholder of the Issuer, and SilverBow entered into a Voting and Support Agreement (the “Voting and Support Agreement”), pursuant to which, among other things and upon the terms and subject to the conditions set forth therein, each Goff Holder agreed (i) not to transfer the shares of Common Stock beneficially owned by such Goff Holder until the termination of the Voting and Support Agreement and (ii) to vote (or cause to be voted) all shares of Common Stock beneficially owned by such Goff Holder (A) in favor of the approval of the issuance of shares of Common Stock in connection with the Initial Merger and such other stockholder proposal necessary for the consummation of the transactions contemplated by the Merger Agreement and (B) (1) against any Parent Acquisition Proposal (as defined in the Merger Agreement), (2) against any action that would reasonably be expected to impede, interfere with or delay the consummation of the transactions contemplated by the Merger Agreement or the Voting and Support Agreement or any transaction would reasonably be expected to result in a material breach by the Issuer under the Merger Agreement and (3) in favor of any applicable adjournment or postponement of the Issuer’s stockholders meeting in respect of the Merger Agreement.
The foregoing summary of the Voting and Support Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Voting and Support Agreement, which is attached hereto as Exhibit 1 and incorporated by reference herein.
Item 5. | Interest in Securities of the Issuer. |
Item 5(a) and (b) of the Statement is hereby amended and restated in its entirety as follows:
(a)-(b)
The following sets forth, as of the date of May 17, 2024, the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to
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