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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 CURRENT REPORT

 

  

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  February 18, 2022 ( February 14, 2022)

 

 

 

 

(Exact name of registrant as specified in its charter)

  

  

  

 

Registrant’s telephone number, including area code: (812) 299-2800

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 

 

  

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 

Emerging growth company ☐ 

  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange  Act.  ☐   

  

Securities registered pursuant to Section 12(b) of the Act:  

  

 

 

 

 

 

On February 14, 2022, Hallador Energy Company (the "Company”) through its subsidiary, Hallador Power Company, LLC, entered into an Asset Purchase Agreement (the "Purchase Agreement") to acquire Hoosier Energy’s 1-Gigawatt Merom Generating Station, located in Sullivan County, Indiana, in return for assuming certain decommissioning costs and environmental responsibilities. The transaction, which includes a 3.5-year power purchase agreement (PPA), is scheduled to close in mid-July 2022 upon obtaining required governmental and financial approvals.  The companies' existing renewable PPA, signed in May 2021 and representing 150 MW of solar generation and 50 MW of battery storage, will be retained, with its start date delayed until Merom's eventual retirement.  The closing of the transaction contemplated by the Purchase Agreement is subject to customary closing conditions.  The Purchase Agreement contains representations, warranties and covenants from the Company that are customary for transactions of this type.

 

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, which will be filed with the Company's next periodic report.

 

 

 

On February 15, 2022, the Company issued a press release announcing the transaction described above. A copy of this press release is furnished (not filed) as Exhibit 99.1 to this Current Report on Form 8-K.

 

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.