Summary by Futu AI
HNR Acquisition Corp has submitted Amendment No. 5 to their Registration Statement on Form S-1 to the Securities and Exchange Commission (SEC) on August 5, 2024. This amendment addresses comments from the SEC staff received in a letter dated August 1, 2024, and updates other disclosures. The company has corrected inconsistencies in the reserve quantity information of their oil and natural gas operations as pointed out by the SEC. Despite differing views on the applicability of Rule 14e-5 to the Forward Purchase Agreement, the SEC has chosen not to issue further comments. HNR Acquisition Corp aims to have the Form S-1 declared effective promptly and awaits the SEC's review of the recent amendment.