11:58 AM EDT, 06/17/2025 (MT Newswires) -- EON Resources ( EONR ) said Tuesday that it amended a purchase, sale, termination and exchange agreement with Pogo Royalty to restructure its balance sheet, reducing its total cash obligation to $20.5 million from $22 million and stock issuance to 1.5 million shares from 3 million.

The amended agreement will boost EON Resources' ( EONR ) balance sheet and extend the outside closing to Sept. 15, according to the company.

Under the amended agreement, the company will pay $7 million to retire a $15 million promissory note and $4 million in accrued interest instead of $8 million, and $13.5 million for a 10% oil field royalty, down from $14 million.

After resuming trade following an earlier trade halt, shares of EON Resources ( EONR ) were up 25% recently.

Price: 0.58, Change: +0.12, Percent Change: +25.22