GULFPORT ENERGY CORP
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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Sep 30, 2024 · Filed Nov 6, 2024
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15. Related Party Transactions
- RELATED PARTY TRANSACTIONS
On March 19, 2024, the Company purchased 97,219 shares of its common stock from Silver Point Capital, L.P. for approximately $15.0 million. The repurchase is part of the Company's existing share Repurchase Program. Upon closing of the transaction on March 19, 2024, the repurchased common stock was canceled.
On September 19, 2024, the Company purchased 170,000 shares of its common stock from Silver Point Capital, L.P. for approximately $24.9 million. The repurchase is part of the Company's existing share Repurchase Program. Upon closing of the transaction on September 25, 2024, the repurchased common stock was canceled.
Concurrent with the closing of the June 2023 offering transaction discussed in Note 5, the Company purchased 215,060 shares of its common stock from Silver Point Capital, L.P. for approximately $20.4 million. The repurchase is part of the Company's existing share Repurchase Program. Upon closing of the transaction on June 26, 2023, the repurchased common stock was canceled.
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