Granite Ridge Resources becomes controlled company after Grey Rock voting agreement

Granite Ridge Resources, Inc.

Grey Rock Fund III distributed ~31.65M shares, reducing ownership from ~71% to ~47%.
Voting Agreement gives Grey Rock GP III voting power over ~75.96M shares (56.3% of total).
GREP GP III, LLC deemed to have control; qualifies as controlled company under NYSE rules.
Board will lack majority independent directors; compensation committee not fully independent; no nominating committee.
Company intends to apply all available controlled company exemptions under NYSE standards.

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