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.