secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001104659-23-072871
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000110465923072871/0001104659-23-072871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000110465923072871/tm2315766d10_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072871

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer