ESTE shelf filing + with IRM

[Fraser921]

https://www.sec.gov/Archives/edgar/data ... 192021.htm

On January 7, 2021, we closed the acquisition (the “IRM Acquisition”) of certain wholly owned subsidiaries of Independence Resources Holdings, LLC (“Independence”), and Independence Resources Manager, LLC (“Independence Manager”) pursuant to the Purchase and Sale Agreement dated December 17, 2020 (the “Purchase Agreement”) by and among Earthstone, EEH, Independence and Independence Manager. As part of the IRM Acquisition, we issued 12,719,594 shares of our Class A common stock and entered into a registration rights agreement with the selling stockholders dated January 7, 2021 (the “IRM Registration Rights Agreement”). Additionally, at the closing of the IRM Acquisition, we entered into a voting agreement with the WP Shareholders (as defined below) dated January 7, 2021 (the “Voting Agreement”). We also entered into a lock-up agreement with the WP Shareholders dated January 7, 2021 (the “Lock-up Agreement”).

[dan_s]

My forecast/valuation model for ESTE does include the impact of the 12.7 million shares.