Decarbonization Plus Acquisition IV in an 8-K disclosed that shareholders votedd in favor of merging with Hammerhead Resources, a Canadian oil and natural gas exploration, development and production company. Shareholders also approved extending the deal completion deadline to March 13 from Feb. 11.
Redemptions, if any, were not disclosed in the filing.
Announced last September, the transaction is anticipated to generate gross proceeds of approximately $320 million, assuming minimal redemptions. Read more.
Source: Decarbonization Plus IV Shareholders Approve Hammerhead Deal