secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001104659-22-112452
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01, 4.01, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Ridge completes de-SPAC with ENPC, lists on NYSE as GRNT
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/0001104659-22-112452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000110465922112452/tm2228430d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112452

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