The company expects to provide 2023 financial and operational guidance for the combined company to investors concurrently with the fourth-quarter and full-year 2022 earnings press release to be issued on Feb. 28.
After completing the acquisition, Talos has about 126,370,000 shares of common stock outstanding and a market capitalization of approximately $2.5 billion, assuming the closing share price as of Feb. 10.
The combined company is led by the senior management team of Talos.
In addition, in connection with the closing of the acquisition, Robert Tichio, the Riverstone Holdings representative serving on Talos's board of directors, resigned from the board, and Shandell Szabo and Richard Sherrill, two directors designated by EnVen, were appointed to the board of directors. The board of directors now consists of seven independent directors, plus Founder, President and CEO Tim Duncan.