Hammerhead Energy Inc. Announces Plans to Redeem Public Warrants

CALGARY, Alberta, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (NASDAQ: HHRS, HHRSW; TSX: HHRS, HHRS.WT) today announced that it will redeem for cash all of its outstanding public warrants to purchase its Class A Common Shares (“Common Shares”), originally issued as part of the units sold in Decarbonization Plus Acquisition Corporation IV’s (“DCRD”) initial public offering (the “Public Warrants”) and originally issued pursuant to the Warrant Agreement, dated August 10, 2021 (the “Warrant Agreement”), by and between DCRD and Continental Stock Transfer & Trust Company, as warrant agent, and assumed by the Company pursuant to an amended and restated warrant agreement, dated February 22, 2023 (the “A&R Warrant Agreement”), by and among the Company, Computershare Inc. and Computershare Trust Company, N.A., as warrant agent (the “Warrant Agent”), for a redemption price of US$0.10 per Public Warrant (the “Redemption Price”).

Read more at globenewswire.com