Tamboran acquires 98% of Falcon Australia for 6.5M shares plus $23.7M cash

Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  Tamboran acquired ~98% of Falcon Australia and four other Falcon subsidiaries (Hungary, Ireland, South Africa) for 6,537,503 shares plus $23,663,080 cash, consolidating Falcon's international exploration assets.

  Item 2.01 verify on EDGAR →
• high

  Stock issuance will dilute existing shareholders by 6.5M shares; cash payment reduces liquidity by $23.7M. Additional 369,084 options issued to former Falcon directors at $21.94/share under new consulting agreements.

  Item 2.01 verify on EDGAR →
• high

  Court-approved arrangement includes special provisions for sanctioned shareholder: Tamboran must pay into blocked U.S. account, and funds will NOT revert to company if unclaimed—creating permanent capital loss risk.

  Item 3.02 verify on EDGAR →