Entering text into the input field will update the search result below

SPAC Decarbonization Plus IV shareholders okay Hammerhead merger deal

Jan. 25, 2023 10:25 AM ETHammerhead Energy Inc. (HHRS) StockBy: Val Brickates Kennedy, SA News Editor

SPAC - Special Purpose Acquisition Company -- text on stock market and abstract background

zimmytws/iStock via Getty Images

SPAC Decarbonization Plus Acquisition Corp. IV (NASDAQ:DCRD) shareholders have approved the company's planned merger with Canadian oil and gas company Hammerhead Resources.

DCRD shareholders voted for the deal at a special shareholders meeting on Jan. 23. They also voted for extending the deadline for the deal's closing to March 13.

Hammerhead and DCRD announced plans to merge in September, with the deal valuing Hammerhead at a pre-money enterprise value of C$1.4B. Shares of the combined company are expected to trade on Nasdaq under the symbol HHRS.

DCRD held its initial public offering in August 2021, raising $316M.

 

Recommended For You

More Trending News

Related Stocks

SymbolLast Price% Chg
HHRS--
Hammerhead Energy Inc.