8 June 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director John Mccartney bought 1,000 shares on the open market at $5.95.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 June 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director Michele J Everard bought 1,000 shares on the open market at $6.04.
7 June 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director John Mccartney bought 1,000 shares on the open market at $5.88.
6 June 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director John Mccartney bought 1,000 shares on the open market at $6.08.
6 June 2023business combination● NeutralMajor
Amendment No. 1 disclosed the fact that settled the warrant exchange before it started: holders of roughly 51.3% of the warrants had signed a tender and support agreement to tender and to consent to the warrant amendment - just over the 50% the warrant agreement requires. Any holder who declined would have their warrants swept up anyway at 0.225 shares, a tenth less than the 0.250 on offer. BofA Securities was dealer manager.
1 June 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director Matthew Reade Miller bought 505 shares on the open market at $5.81.
31 May 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director Matthew Reade Miller bought 4,000 shares on the open market.
31 May 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director Griffin Perry bought 600 shares on the open market at $5.47.
30 May 2023securities registration● Neutral
Granite Ridge filed a prospectus supplement attaching its 8-K on the May 25, 2023 annual meeting results. Shareholders elected three Class I directors and ratified FORVIS LLP as auditor.
30 May 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director Matthew Reade Miller bought 4,000 shares on the open market.
30 May 2023agm notice● Neutral
At the May 25, 2023 annual meeting, shareholders elected Thaddeus Darden, Michele Everard and Kirk Lazarine as Class I directors and ratified FORVIS LLP as auditor for 2023.
25 May 2023director interest notice● Neutral
Granite Ridge Resources, Inc. director Griffin Perry bought 166 shares on the open market at $5.75.
25 May 2023director interest notice● Neutral
Granite Ridge Resources, Inc. Chief Financial Officer Tyler Farquharson bought 10,000 shares on the open market.
24 May 2023director interest notice● Neutral
Granite Ridge Resources, Inc. President and CEO Luke C Brandenberg bought 10,000 shares on the open market at $5.67.
19 May 2023business combination▲ Good
Granite Ridge launched an offer to exchange its 10,349,975 outstanding warrants for 0.250 shares of common stock each, up to 2,587,493 shares. A consent solicitation would let it require any remaining warrants to be exchanged for 0.225 shares.
19 May 2023securities registration● Neutral
Granite Ridge filed a prospectus supplement attaching its 8-K announcing an offer to exchange its warrants for 0.250 shares of common stock each, with a consent solicitation to amend the warrant agreement. The offer was set to expire June 16, 2023.
16 May 2023securities registration● Neutral
Granite Ridge filed a prospectus supplement updating its April 2023 resale registration. It attached an 8-K with a May 2023 investor presentation covering Q1 results and 2023 guidance.
11 May 2023securities registration● Neutral
Granite Ridge filed a prospectus supplement updating its April 2023 resale registration, covering 123.67 million shares and 10.35 million warrant shares. It attached the Q1 2023 10-Q and an 8-K.
11 May 2023quarterly activities report● Neutral
Granite Ridge filed an 8-K on May 11, 2023, furnishing a press release on its first-quarter 2023 results and updated 2023 guidance. The filing itself gave no figures.
11 May 2023quarterly activities report● Neutral
Granite Ridge Resources, Inc. reported quarterly revenue of $91.3 million and net income of $36.9 million for the period ended 2023-03-31.
12 Apr 2023agm notice● Neutral
Granite Ridge issued its proxy statement for the virtual annual meeting on May 25, 2023, asking stockholders to elect three Class I directors and ratify FORVIS LLP as auditor for 2023. The record date was March 31, 2023.
30 Mar 2023securities registration● Neutral
Granite Ridge Resources, Inc. amended an already-effective registration statement.
27 Mar 2023securities registration● Neutral
Granite Ridge filed Prospectus Supplement No. 3 attaching its 8-K with 2022 results: Q4 production of 22,031 Boe per day, up 45%, and full-year net income of $262.3 million. It guided 2023 capital spending of $260-270 million.
23 Mar 2023director interest notice● Neutral
Granite Ridge Resources, Inc. Chief Accounting Officer Zoran Durkovic received 12,948 shares as part of the equity award.
23 Mar 2023director interest notice● Neutral
Granite Ridge Resources, Inc. Chief Financial Officer Tyler Farquharson received 13,287 shares and a 196,054-share option grant as part of the equity award.
23 Mar 2023director interest notice● Neutral
Granite Ridge Resources, Inc. President and CEO Luke C Brandenberg received 13,287 shares and a 196,054-share option grant as part of the equity award.
10 Mar 2023securities registration● Neutral
Granite Ridge filed Prospectus Supplement No. 1 attaching its amended 10-Q/A, which restated Q3 2022 Predecessor financials to correct overstated depletion expense. It covers the registered resale of 128,233,953 shares and 10,349,975 warrant shares.
6 Mar 2023financial restatement▼ Bad
Granite Ridge had to restate its Q3 2022 financials (reported under its accounting predecessor, the Grey Rock funds) after finding it had overstated depletion expense by $14.1 million by misclassifying some acquisitions as proved rather than unproved properties; the error had no effect on cash or liquidity.
6 Mar 2023securities registration● Neutral
Granite Ridge said its Predecessor's unaudited financials for the three and nine months ended September 30, 2022 should no longer be relied on, because depletion expense was overstated by $14.1 million. It planned to restate them and reported a material weakness in internal controls.
21 Feb 2023substantial holder notice● Neutral
GREP GP II, LLC, Grey Rock Energy Partners GP II, L.P, GREP GP II Holdings, LLC, Grey Rock Energy Partners GP II-A, L.P, Grey Rock Energy Fund II, L.P, GREP Holdco II LLC, Grey Rock Energy Partners GP II-B, L.P, Grey Rock Energy Fund II-B Holdings, L.P, Grey Rock Energy Fund II-B, LP, GREP Holdco II-B Holdings, LLC reported a Granite Ridge Resources, Inc. shareholding of 10,601,149 shares (8.00% of votes) in a periodic institutional filing.