Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 66

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 66
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,361,843 — Post-close adjustments— (4,139,244)— Payment of deferred cash payment— 15,000,000 — Payments for the Founders Acquisition$— $62,227,145 $— Investing Activities - NoncashAssumption of suspense liability$— $677,116 $— Assumption of asset retirement obligation— 2,090,777 — Assumption of ad valorem tax liability— 234,051 — Deferred cash payment at fair value— 14,657,383 — Supplemental Schedule for Stronghold AcquisitionInvesting Activities - Cash PaidCash paid by bank to Stronghold on closing$— $— $121,392,455 Deposit in escrow— — 46,500,000 Direct transaction costs— — 9,162,143 Cash paid for realized August oil derivative losses— — 1,777,925 Cash paid for inventory and fixed assets acquired— — 4,527,103 Cash received for post-close adjustments, net— — (5,535,839)Payment of deferred cash payment— 15,000,000 — Payment of post-close settlement— 3,511,170 — Payments for the Stronghold Acquisition$— $18,511,170 $177,823,787 Investing Activities - NoncashAssumption of suspense liability$— $— $1,651,596 Assumption of derivative liabilities— — 24,784,406 Assumption of asset retirement obligation— — 14,538,550 Deferred cash payment at fair value— — 14,807,276 Financing Activities - NoncashCommon stock issued for acquisition— — 69,141,555 Convertible preferred stock issued for acquisition — — 137,858,446 

(1) Included within the financing lease assets obtained in exchange for new financing lease liability, net, is $45,436 of finance lease asset terminations for the year ended December 31, 2024.

The accompanying notes are an integral part of these financial statements.

F-8