NASDAQ:CG 10 August 2025 - 10 March 2026

In a significant shake-up for the Canadian oil and gas sector, Cygnet Energy – a privately held exploration and production company – has agreed to buy publicly traded Kiwetinohk Energy Corp. in an all-cash acquisition. Announced on October 28, 2025, the definitive arrangement agreement will see Cygnet pay C$24.75 per share for all Kiwetinohk common sharesreuters.comreuters.com. This values the transaction at approximately C$1.4 billion, just shy of US$1 billion. The takeover will be executed via a court-approved Plan of Arrangement under Canadian law and is expected to close by late December 2025, assuming regulatory and shareholder approvals are obtainedreuters.com.