Gilinski's Colden Holds 27.6% as GeoPark Amends Venezuela Share Deal
GPRK sits 69% above its 52-week low of $6.52 on light trading volume (0.2× avg).
Summary
Gilinski's Colden reports 27.6% ownership of GeoPark and discloses an amendment to the Venezuela share deal that lets the parties close early while still adjusting the additional share count to the December 1 CIT rate.
Key Events · M&A and Partnerships · GPRK
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Gilinski Bloc Reports 27.6% Stake
Colden Investments beneficially owns 17,915,791 common shares (27.6%), while Jaime Gilinski is deemed to beneficially own 18,115,791 shares (27.9%), including 200,000 held by Spaldy.
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SPA Amendment Adds December CIT Test
If closing occurs before December 1, 2026, Additional Consideration Shares are set by the CIT Rate at both closing and December 1, 2026, with any top-up issued within five business days after December 1.
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Share Count Still Up to 47.6 Million
The deal remains 42,135,872 Closing Shares plus up to 5,421,589 Additional Consideration Shares, against 64,896,377 shares outstanding as of June 30, 2026.
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Early Closing Now Possible
The amendment is designed to let the parties close as soon as practicable while preserving the CIT-rate economics of the original September 2 agreement.
Analysis · GPRK · Energy & Transportation
The Gilinski bloc now stands as GeoPark's controlling shareholder ahead of the Miranda/Bare closing, with Colden Investments and Jaime Gilinski reporting beneficial ownership of 17,915,791 shares (27.6%) and 18,115,791 shares (27.9%), respectively. The substantive news, however, is Amendment No. 1 to the September 2 share purchase agreement: if the deal closes before December 1, 2026, the additional shares owed to PEH will be set by the Venezuelan CIT rate at both closing and December 1, with any top-up issued within five business days after December 1. That preserves the original economics while letting the parties close early — but it also means the final share count (42,135,872 base plus up to 5,421,589 additional) may not be settled until December. Against 64,896,377 shares outstanding as of June 30, 2026, the full 47.6 million share issuance would more than double the count, so the timing of the CIT measurement matters for holders.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GPRK was trading at $11.01 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $714.5M. The 52-week trading range was $6.52 to $13.13. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.