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Tamboran Resources Corp (NYSE:TBN) announced that shareholders approved all proposals related to its May 2025 private investment in public equity (PIPE) financing during a special meeting held Wednesday. The company reported the voting results in a statement based on a recent SEC filing.
At the special meeting, stockholders approved the issuance of common stock under the May 2025 PIPE financing, with 8,942,826 votes in favor, 916,117 against, and 88,501 abstentions.
Shareholders also ratified and approved the prior issuance of 2,180,515 shares of common stock under Tranche 1 of the May 2025 PIPE financing. The proposal received 9,030,578 votes for, 916,217 against, and 649 abstentions.
Additional proposals approved included the issuance of shares to Daly Waters Energy, LP (563,697 shares), as well as to directors and officers under Tranche 2 of the PIPE financing. Approvals for these issuances ranged from 8,961,418 to 8,998,805 votes in favor, with votes against ranging from 947,990 to 949,803, and abstentions remaining under 36,500 for each item.
The meeting also approved the issuance of 336,662 shares to non-affiliated investors and the issuance of shares to Macquarie Bank Limited pursuant to a facility letter agreement. The proposal for Macquarie Bank received 9,905,790 votes for, 35,429 against, and 6,225 abstentions.
Tamboran Resources noted that, in accordance with ASX rules, certain votes were excluded from the final tally for stockholders with interests in the outcome.
The company’s common stock is listed on the New York Stock Exchange under the symbol TBN. All information in this article is based on a statement from Tamboran Resources and details disclosed in the company’s recent SEC filing.
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