RTTNews | Jan 12, 2022 08:05AM EST

08:04 Wednesday, January 12, 2022 (RTTNews.com) - Desert Peak Minerals and Falcon Minerals Corporation (FLMN, FLMNW) have agreed to combine in an all-stock deal which values the combined enterprise at $1.9 billion. Upon completion, assuming no adjustments to the equity consideration for Desert Peak's net debt, Desert Peak's equityholders will own approximately 73% and existing Falcon shareholders will own approximately 27% of the combined company. Immediately prior to the closing of the deal, Falcon will execute a 1-for-4 reverse stock split.

The combined company will be managed by the Desert Peak team and led by Desert Peak's current CEO, Christopher Conoscenti. Noam Lockshin, a Partner at Kimmeridge, Desert Peak's and the combined company's largest equityholder, will serve as Chairman of the Board.

Read the original article on RTTNews ( https://www.rttnews.com/3254578/desert-peak-minerals-falcon-minerals-announce-all-stock-merger-quick-facts.aspx)

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