--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-22-112452" form_type: "8-K" ticker: "GRNT" cik: "0001928446" company_name: "Granite Ridge Resources, Inc." filed_at: "2022-10-28T23:59:59+00:00" generated_at: "2026-06-22T22:55:31.905050+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Granite Ridge completes de-SPAC with ENPC, lists on NYSE as GRNT ## Summary - Closed October 24, 2022; issued 130M shares to GREP members; $396.1M redeemed at ~$10.07/share. - Post-closing: 133.3M shares and 10.35M warrants outstanding; 97.5% held by Existing GREP Members. - New $150M senior secured revolver with initial $325M borrowing base; no borrowings outstanding at close. - $10M annual Management Services Agreement with Grey Rock Administration LLC, initial term through April 2028. - 118.7M shares subject to lock-up (180 days or $12/share for 20/30 days or liquidation event). ## SEC filing metadata - accession: 0001104659-22-112452 - form_type: 8-K - ticker: GRNT - cik: 0001928446 - company_name: Granite Ridge Resources, Inc. - filed_at: 2022-10-28T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 9.01, 4.01, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 5.06, 8.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/tm2228430d2_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-22-112452 - JSON: https://secwatch.observer/filing/0001104659-22-112452.json - Plain text: https://secwatch.observer/filing/0001104659-22-112452.txt ## Key facts - Governance Changes Granite Ridge Resources, Inc.: Company ceased to be a shell company upon closing of business combination. - Change: shell status source text: As a result of the Business Combination, Granite Ridge ceased to be a shell company upon the closing of the Business Combination. evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm - M&A Transactions Granite Ridge Resources, Inc. underwent a change of control involving Executive Network Partnering Corporation and GREP Holdings, LLC for 130.0 million shares of Granite Ridge common stock (closed 2022-10-24). - Action: change of control - Counterparty: Executive Network Partnering Corporation and GREP Holdings, LLC - Consideration: 130.0 million shares of Granite Ridge common stock - Closing: 2022-10-24 source text: Existing GREP Members were issued 130.0 million shares of Granite Ridge common stock at the Closing. evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm - Material Agreements Granite Ridge Resources, Inc. amended Warrant Agreement Amendment and Assignment with ENPC and Continental Stock Transfer & Trust Company. - Action: amendment - Agreement: equity purchase - Counterparty: ENPC and Continental Stock Transfer & Trust Company source text: On the Closing Date, the Company entered into the Assignment, Assumption and Amendment Agreement (the “Warrant Agreement Amendment and Assignment”), by and among the Company, ENPC and Continental Stock Transfer & Trust Company (“Continental”). evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm - Material Agreements Granite Ridge Resources, Inc. entered into Registration Rights and Lock-Up Agreement with ENPC Holdings II, LLC, Richard Boyce, Michael M. Calbert, Gisel Ruiz and the holders of membership interests in GREP. - Action: entry - Agreement: equity purchase - Counterparty: ENPC Holdings II, LLC, Richard Boyce, Michael M. Calbert, Gisel Ruiz and the holders of membership interests in GREP source text: On the Closing Date, the Company entered into the Registration Rights and Lock-Up Agreement (the “RRA and Lock-Up Agreement”) with ENPC Holdings II, LLC, a Delaware limited liability company (“Holdco”), Richard Boyce, Michael M. Calbert, Gisel Ruiz and the holders of membership interests in GREP (the “Existing GREP Members”), with respect to the shares of Granite Ridge common stock issued as consideration under the Business Combination Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm - Material Agreements Granite Ridge Resources, Inc. terminated Letter Agreement with ENPC, ENPC Holdings, LLC, and Holdco. - Action: termination - Counterparty: ENPC, ENPC Holdings, LLC, and Holdco source text: In connection with the consummation of the Transactions, the letter agreement, dated September 15, 2020, by and among ENPC, ENPC Holdings, LLC, a Delaware limited liability company (“Sponsor”), Holdco and the other parties thereto, was terminated at closing and Sponsor, Holdco and such parties will not be subject to contractual lock-up periods preventing them from transferring any shares of Granite Ridge common stock beneficially owned or otherwise held by them. evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm - Material Agreements Granite Ridge Resources, Inc. entered into Management Services Agreement with Grey Rock Administration, LLC valued at $10 million. - Action: entry - Counterparty: Grey Rock Administration, LLC - Value: $10 million source text: On the Closing Date, in connection with the consummation of the Business Combination, Grey Rock Administration, LLC, a Delaware limited liability company (“Manager”) indirectly owned by four of the Company’s directors, Matthew Miller, Griffin Perry, Thaddeus Darden and Kirk Lazarine, entered into a Management Services Agreement with Granite Ridge (the “MSA”). evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.