TBN · Tamboran Resources Corp

Tamboran Resources Corporation executed a multi-pronged capital raise strategy disclosed across Items 3.02 and 8.01. The company completed an accelerated non-renounceable institutional entitlement offer, issuing approximately 148.3 million CDIs—each representing 1/200th of a share of common stock—to eligible non-U.S. investors. This transaction, exempt from registration under Regulation S, yielded aggregate proceeds of A$37.1 million at an issue price of A$0.25 per CDI. Concurrently, the company closed the sale of 443,491 Option Shares following the full exercise of the underwriters' 30-day option related to a previously announced underwritten offering. This transaction, managed by RBC Capital Markets and Wells Fargo Securities, resulted in additional net proceeds of $14.7 million. Furthermore, the company closed the initial portion of a registered direct institutional entitlement offering, issuing 916,412 shares at a price of $35.00 per share. A second tranche of approximately 96,698 shares remains subject to customary closing conditions and is expected to close shortly. The filings included legal opinions from Latham & Watkins LLP regarding the validity of the Option Shares and the Initial RDO Shares.