BRIEF-Hammerhead And Decarbonization Plus Acquisition Corp IV Announce C$1.39 Bln Business Combination Combined Company To Be Listed On Nasdaq

Reuters

Sep 26, 2022

Sept 26 (Reuters) - Decarbonization Plus Acquisition Corporation IV :

* HAMMERHEAD RESOURCES INC. AND DECARBONIZATION PLUS ACQUISITION CORPORATION IV ANNOUNCE C$1.39 BILLION BUSINESS COMBINATION; COMBINED COMPANY TO BE LISTED ON NASDAQ

* DECARBONIZATION PLUS ACQUISITION CORPORATION IV - UPON CLOSING OF DEAL, COMBINED CO EXPECTED TO BE LISTED ON NASDAQ & TRADE UNDER TICKER SYMBOL "HHRS"

* DECARBONIZATION PLUS ACQUISITION CORPORATION IV - HAMMERHEAD EXPECTS ITS 2022 PRODUCTION TO AVERAGE 31,500-32,500 BOE/D

* DECARBONIZATION PLUS ACQUISITION CORPORATION IV - COMBINED CO TO CONTINUE TO BE MANAGED BY HAMMERHEAD'S CURRENT EXECUTIVE TEAM, LED BY CEO SCOTT SOBIE

* DECARBONIZATION PLUS ACQUISITION CORPORATION IV - TRANSACTION IS ANTICIPATED TO GENERATE GROSS PROCEEDS OF APPROXIMATELY $320 MILLION

* DECARBONIZATION PLUS ACQUISITION CORPORATION IV - PRE-MONEY ENTERPRISE VALUE OF COMBINED COMPANY IS C$1,390 MILLION AT A PRICE OF $10 PER SHARE

* DECARBONIZATION PLUS ACQUISITION CORPORATION IV - UPON CLOSING, COMBINED COMPANY IS EXPECTED TO FEATURE A SEVEN-PERSON BOARD OF DIRECTORS

* DECARBONIZATION PLUS ACQUISITION CORPORATION IV - JIM MCDERMOTT IS EXPECTED TO SERVE ON COMBINED COMPANY'S BOARD

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;;))

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AND DECARBONIZATION PLUS ACQUISITION CORPORATION IV ANNOUNCE C$1.39 BILLION BUSINESS COMBINATION; COMBINED COMPANY TO BE LISTED ON NASDAQ   * DECARBONIZATION PLUS ACQUISITION CORPORATION IV - UPON CLOSING OF DEAL, COMBINED CO EXPECTED TO BE LISTED ON NASDAQ & TRADE UNDER TICKER SYMBOL \"HHRS\"   * DECARBONIZATION PLUS ACQUISITION CORPORATION IV - HAMMERHEAD EXPECTS ITS 2022 PRODUCTION TO AVERAGE 31,500-32,500 BOE/D   * DECARBONIZATION PLUS ACQUISITION CORPORATION IV - COMBINED CO TO CONTINUE TO BE MANAGED BY HAMMERHEAD'S CURRENT EXECUTIVE TEAM, LED BY CEO SCOTT SOBIE   * DECARBONIZATION PLUS ACQUISITION CORPORATION IV - TRANSACTION IS ANTICIPATED TO GENERATE GROSS PROCEEDS OF APPROXIMATELY $320 MILLION   * DECARBONIZATION PLUS ACQUISITION CORPORATION IV - PRE-MONEY ENTERPRISE VALUE OF COMBINED COMPANY IS C$1,390 MILLION AT A PRICE OF $10 PER SHARE   * DECARBONIZATION PLUS ACQUISITION CORPORATION IV - UPON CLOSING, COMBINED COMPANY IS EXPECTED TO FEATURE A SEVEN-PERSON BOARD OF DIRECTORS   * DECARBONIZATION PLUS ACQUISITION CORPORATION IV - JIM MCDERMOTT IS EXPECTED TO SERVE ON COMBINED COMPANY'S BOARDSource text for Eikon:    Further company coverage:   ((Reuters.Briefs@thomsonreuters.com;;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}