Crescent stockholders overwhelmingly approve merger with SilverBow

Crescent Energy Company (CRGY) announced it received overwhelming stockholder approval for the issuance of Crescent Class A common stock in connection with its proposed merger with SilverBow Resources Inc. (SBOW) at a special meeting of stockholders today. The Merger is expected to close on July 30, 2024. “This decisive vote underscores strong support for the complementary transaction, which creates one of the largest operators in the Eagle Ford with high-quality and long-life assets, an attractive, returns-driven financial framework and strong balance sheet, led by a management team and Board with significant operating and investing expertise,” commented David Rockecharlie, Chief Executive Officer and member of the Board of Directors of Crescent. Based on the preliminary vote count from today’s special meeting, approximately 99.94% of the Crescent common stock voted were in favor of the Merger, resulting in approximately 87.94% of the outstanding Crescent common stock voting in favor of the Merger. Crescent will file the final vote results for its special meeting on a Form 8-K with the U.S. Securities and Exchange Commission.