Decarbonization Plus Acquisition Corp IV - Ordinary Shares - Class A

NASDAQ:DCRD   11:51:20 AM EDT
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Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

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

Published: 09/26/2022 11:38 GMT
Decarbonization Plus Acquisition Corp IV - Ordinary Shares - Class A (DCRD) - 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.