Granite Ridge completes warrant exchange; 95.5% tendered, warrants to be delisted

Granite Ridge Resources, Inc.

9,887,035 warrants (95.5% of outstanding) validly tendered for 0.250 shares of common each.
Remaining warrants to be exchanged for 0.225 shares of common on July 5, 2023.
Post-offer exchange eliminates all warrants; warrants to be delisted from NYSE.
Total shares outstanding to increase ~1.94% to 135,252,393 after both exchanges.
Purpose: simplify capital structure and reduce potential dilutive impact of warrants.

item 1.01 item 3.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Granite Ridge Resources, Inc. amended Warrant Amendment with Continental Stock Transfer & Trust Company (effective 2023-06-20).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-06-20

Exact text from the filing

artnering Corporation, a Delaware corporation (“ENPC”), and Continental Stock Transfer & Trust Company, as warrant agent (“Continental”), as amended on March 24, 2021, by and between ENPC and Continental, and as assigned pursuant to

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Granite Ridge Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-072871

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