Benzinga | Jul 12, 2021 08:44AM EDT

Tellurian Terminates Common Stock Purchase Agreement Dated Apr. 3, 2019 Between Co. And Total Delaware, Pursuant To Which Total Agreed To Purchase 19,872,814 Tellurian Shares At $10.064/Share

On July 12, 2021, Tellurian Inc., a Delaware corporation ("Tellurian"), terminated that certain Common Stock Purchase Agreement dated April 3, 2019 between Tellurian and Total Delaware, Inc., a Delaware corporation and subsidiary of TOTAL SE ("Total"), pursuant to which Total had agreed to purchase, and Tellurian had agreed to issue and sell in a private placement to Total, 19,872,814 shares of Tellurian common stock, par value $0.01 per share, in exchange for a cash purchase price of $10.064 per share, subject to the satisfaction of certain closing conditions (the "CSPA").