Berry Corporation (BRY) ends resale registration after California Resources merger
Rhea-AI Filing Summary
Berry Corporation is deregistering all remaining unsold shares under a prior resale registration statement. That registration had covered the resale by certain stockholders of up to 46,833,346 shares of Berry’s common stock. Effective December 18, 2025, a merger was completed in which a subsidiary of California Resources Corporation merged with and into Berry, leaving Berry as a direct, wholly owned subsidiary of California Resources. Because of this merger, Berry has terminated all offerings under the resale registration and, through this post-effective amendment, is formally removing from registration all unsold shares and terminating the effectiveness of the registration statement.
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FAQ
What action is Berry Corporation (BRY) taking in this post-effective amendment?
Berry Corporation is filing a post-effective amendment to its Form S-3 registration statement to remove from registration all shares of common stock that were previously registered for resale but remain unsold. This amendment also terminates the effectiveness of that registration statement.
How many Berry Corporation shares were originally covered by the resale registration?
The registration statement had related to the resale by named selling stockholders of up to 46,833,346 shares of Berry Corporation’s common stock, each share having a par value of $0.001.
Why is Berry Corporation deregistering these unsold shares?
Berry is deregistering the unsold shares because, as a result of a merger completed on December 18, 2025, it has terminated all offerings of common stock under the registration statement and is now a direct, wholly owned subsidiary of California Resources Corporation.
What merger affected Berry Corporation’s registration statement?
Under an Agreement and Plan of Merger, Dornoch Merger Sub, LLC, a direct, wholly owned subsidiary of California Resources Corporation, merged with and into Berry Corporation, with Berry surviving as a direct, wholly owned subsidiary of California Resources.
Does this amendment register new securities for Berry Corporation (BRY)?
No. This post-effective amendment does not register new securities. Instead, it removes from registration all shares of common stock that were previously registered for resale and remain unsold and terminates the effectiveness of the existing registration statement.
Who signed the post-effective amendment for Berry Corporation?
The amendment was signed on behalf of Berry Corporation by Michael L. Preston, who serves as Executive Vice President, Chief Strategy Officer and General Counsel.