Hammerhead Energy Inc. Announces “Fair Market Value” in Connection With Redemption of its Outstanding Public Warrants

CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (NASDAQ: HHRS, HHRSW; TSX: HHRS, HHRS.WT) today announced the “Fair Market Value” in connection with its previously announced redemption of its outstanding Public Warrants (as defined below). The Fair Market Value will be used to determine the number of Class A Common Shares (the “Common Shares”), that will be issued on a “cashless” exercise of a Public Warrant subject to the terms of the A&R Warrant Agreement (as defined below).

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