Decarbonization Plus Acquisition Corp IV

Decarbonization Plus Acquisition Corp. IV operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on February 22, 2021 and is headquartered in Menlo Park, CA.

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Hammerhead Energy, Inc. engages in the exploration, development, and production of oil and natural gas. It holds interests in the Deep Basin of West Central Alberta. The company was founded in 2009 and is headquartered in Calgary, Canada.

Hammerhead Energy Inc

Hammerhead is expected to be dually listed on the NASDAQ and TSX, with its Class A common shares to commence trading on both exchanges under the ticker symbol "HHRS" Hammerhead is a Canadian oil and gas exploration and production company developing a 107,000 net acre resource base within the Montney Trend, a high performing onshore basin Hammerhead averaged production of 32,081 boe/d in 2022 and expects to deliver substantial production growth in 2023 while aiming to be free cash flow neutral and maintaining modest leverage at current commodity prices Hammerhead has established a goal of achieving net zero emissions on a Scope 1 and Scope 2 basis by 2030 Of the shares voted at the special meeting of DCRD's shareholders, 89% voted to approve the business combination Of the shares voted at the annual and special meeting of Hammerhead Resources shareholders, 99.4% of the common shares, preferred shares (on an as converted basis) and warrants entitled to vote on the business combination, approved the business combination CALGARY, AB and MENLO PARK, Calif. , Feb. 23, 2023 /PRNewswire/ -- Hammerhead Resources Inc. ("Hammerhead Resources"), a Canadian oil and gas producer, today announced the completion of its previously announced business combination with Decarbonization Plus Acquisition Corporation IV ("DCRD") (NASDAQ: DCRD).

Hammerhead Resources Completes Business Combination with Decarbonization Plus Acquisition Corporation IV to Form Hammerhead Energy

MENLO PARK, Calif. , Jan. 30, 2023 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation IV (NASDAQ: DCRD) ("DCRD"), a publicly-traded special purpose acquisition company, is reopening the period during which holders of DCRD's Class A ordinary shares (such shares, the "DCRD Public Shares" and, such holders, the "DCRD Public Shareholders") may elect to redeem their DCRD Public Shares in connection with DCRD's previously announced business combination (the "Business Combination") with Hammerhead Resources Inc. ("Hammerhead"), pursuant to the Business Combination Agreement, dated as of September 25, 2022, by and among DCRD, Hammerhead, Hammerhead Energy Inc. ("NewCo") and 2453729 Alberta ULC.

Decarbonization Plus Acquisition Corporation IV Reopens Redemption Period and Reminds Shareholders How to Withdraw Prior Redemption Requests

CALGARY, AB , Jan. 17, 2023 /PRNewswire/ -- Hammerhead Resources Inc. ("Hammerhead" or the "Company") announces record operating results in 2022 with annual average production of 32,100 boe/d (approx. 43% liquids), representing 15% growth over 2021.

Hammerhead Resources Inc. Announces Production Results for 2022, Expanded Credit Facility, Operational Update and Business Combination Update

MENLO PARK, Calif. , Jan. 12, 2023 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation IV (NASDAQ: DCRD) ("DCRD"), a publicly-traded special purpose acquisition company, reminds its shareholders to vote in favor of the previously announced business combination with Hammerhead Resources Inc. ("Hammerhead"), a Calgary–based energy company.

Decarbonization Plus Acquisition Corporation IV Reminds Shareholders to Vote in Favor of Proposed Business Combination with Hammerhead

MENLO PARK, Calif. and CALGARY, AB , Jan. 3, 2023 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation IV (NASDAQ: DCRD, DCRDW, DCRDU) ("DCRD"), a publicly-traded special purpose acquisition company, announced today that DCRD's definitive proxy statement (the "Proxy Statement") relating to the previously announced business combination with Hammerhead Resources Inc. ("Hammerhead"), an oil and natural gas exploration, development and production company, has been filed with the U.S. Securities and Exchange Commission (the "SEC") on December 30, 2022.

Decarbonization Plus Acquisition Corporation IV and Hammerhead Announce Filing of Definitive Proxy Statement and the January 23, 2023 Shareholders' Meeting to Approve Proposed Business Combination

Hammerhead Resources Inc plans to list on the Nasdaq by merging with blank check company Decarbonization Plus Acquisition Corporation IV in a C$1.39 billion ($1.02 billion) deal, a rare U.S.-listing for a Canadian oil and gas producer.

Hammerhead plans rare U.S. listing of Canadian gas producer in over $1 bln SPAC deal

Transaction to form a publicly traded upstream oil and gas company with a path toward achieving net zero emissions on a Scope 1 and Scope 2 basis by 2030 Combined company to advance its differentiated carbon capture and sequestration ("CCS") program in an effort to create value for all stakeholders Hammerhead's CCS program is estimated to require approximately C$240 million 1 of capital between 2023 and 2029, and, by 2029, is expected to reduce Hammerhead's Scope 1 and Scope 2 emissions by approximately 79% of 2021 levels, even after an anticipated doubling of production volumes Combined company's assets to include a large consolidated block of acreage in the prolific Montney trend in Western Canada, spanning over 110,000 net acres in Alberta, the assembly and development of which is the result of over C$1.19 billion of primary equity raised by Hammerhead since its founding in 2009 Hammerhead's 2P PV10 value was approximately C$2.5 billion based on the reserve evaluator's price deck at December 31, 2021 2 and C$4.1 billion based on strip pricing at September 9, 2022 With an identified drilling inventory of over 1,500 locations and an anticipated on-stream count averaging around 30 wells per year, Hammerhead boasts an attractive multi-decade inventory of potential high-return locations in a top-performing onshore basin DCRD expects Hammerhead's planned production and EBITDA growth to be in excess of 40% and 50%, respectively, from 2022 projected levels of 31,500-32,500 boe/d and C$375-425 million to an expected 46,000-48,000 boe/d and C$625-675 million in 20243 The closing of the transaction is not subject to a minimum cash condition; the parties believe that Hammerhead's existing balance sheet with expected leverage, prior to any proceeds from DCRD's cash in trust, of 0.6x LTM EBITDA at year-end 2022, will provide the liquidity necessary to execute on Hammerhead's business plan The transaction values Hammerhead at approximately 2.2x DCRD's projected 2024 EBITDA for Hammerhead MENLO PARK, Calif. and CALGARY, AB , Sept.

Hammerhead Resources Inc. and Decarbonization Plus Acquisition Corporation IV Announce C$1.39 billion Business Combination; Combined Company to be Listed on Nasdaq

News for Decarbonization Plus Acquisition Corp IV Stock (DCRD)