UNITED STATES
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FORM
CURRENT REPORT
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Item 8.01 – Other Events.
At the close of business on May 19, 2025, the Company learned that its previously disclosed Conversion Transaction Commitment Agreement, effective January 2, 2025, with a leading global datacenter developer was being terminated by the counterparty. As discussed on the Company’s earnings call on May 12, 2025, the parties continue to discuss an additional exclusivity period and continue in non-exclusive discussions. The Company is evaluating opportunities with several other interested third parties and believes that the competitive tension introduced by these third-party negotiations enhances its positioning to execute a strategic transaction that delivers long-term value to its shareholders.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as "expects," "believes," "intends," "anticipates," "plans," "estimates," "guidance," "target," "potential," "possible," or "probable" or statements that certain actions, events or results "may," "will," "should," or "could" be taken, occur or be achieved. Forward-looking statements include, without limitation, those relating to our ability to execute a strategic transaction that delivers long-term value for our shareholders. Forward-looking statements are based on current expectations and assumptions and analyses made by Hallador and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in Hallador’s annual report on Form 10-K for the year ended December 31, 2024, and other Securities and Exchange Commission filings. Hallador undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.