Tellurian Inc. (NASDAQ:TELL) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item5.03
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Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On March31, 2017, GE Oil Gas, Inc., the holder of all 5,467,851
shares of Tellurian Investments Inc. Series A Preferred Stock
(the Series A Preferred Stock), exchanged those shares
into an equal number of shares of Tellurian Inc. Series B
Preferred Stock (the Series B Preferred Stock) to the
terms of the Tellurian Investments Inc. Certificate of
Incorporation. Tellurian Investments Inc. is a wholly-owned
subsidiary of Tellurian Inc. (the Company). As previously
disclosed, (i)the terms of the Series B Preferred Stock are
substantially similar to those of the Series A Preferred Stock
except that they were issued by the Company rather than Tellurian
Investments Inc. and (ii)the Series B Preferred Stock is
exchangeable at any time into shares of the Companys common stock
on a one-for-one basis, subject to anti-dilution adjustments in
certain circumstances. In connection with the exchange, on
April6, 2017, the Company filed Certificates of Correction with
the Delaware Secretary of State to (i)reference the existence of
the Series B Preferred Stock in the Companys Restated Certificate
of Incorporation and (ii)include the designated number of shares
of the Series B Preferred Stock in the Certificate of
Designations governing such stock. The Certificates of Correction
are attached as Exhibits 3.1 and 3.2 hereto.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
See exhibit index.
About Tellurian Inc. (NASDAQ:TELL)
Tellurian Inc., formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc. The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia. The Horse Hill-1 well has identified prospects from the Portland sandstone and Kimmeridge Clay limestone formations. Tellurian Inc. (NASDAQ:TELL) Recent Trading Information
Tellurian Inc. (NASDAQ:TELL) closed its last trading session down -0.39 at 11.19 with 614,860 shares trading hands.