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WhiteHawk Completes Acquisition of PHX

1. WhiteHawk Income Corporation has acquired PHX Minerals Inc. on June 23, 2025. 2. The acquisition followed a tender offer previously announced by WhiteHawk.

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FAQ

Why Very Bullish?

The acquisition indicates confidence in PHX's assets and potential for growth. Historical contexts show acquisitions often lead to stock price increases due to perceived value additions.

How important is it?

This significant M&A event directly involves PHX, indicating strong market interest and potential upward movement in stock price.

Why Long Term?

Mergers typically enhance operational efficiencies and growth strategies, leading to sustained value over time. The long-term benefits of this acquisition strategy could include improved market positioning and profitability.

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PHILADELPHIA--(BUSINESS WIRE)--WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, “WhiteHawk” or the “Company”) announced today that it has completed the acquisition of PHX Minerals Inc. (“PHX”) (NYSE: PHX). Following completion of the previously announced tender offer, WhiteHawk completed the acquisition of PHX on June 23, 2025 through a merger pursuant to the Agreement and Plan of Merger, dated as of May 8, 2025, by and among WhiteHawk Merger.

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