Granite Ridge Resource (GRNT) Launches 7.1M Share Secondary Offering

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Go back to Granite Ridge Resource (GRNT) Launches 7.1M Share Secondary Offering

Granite Ridge Resources, Inc. Announces Launch of Secondary Public Offering of Common Stock

September 11, 2023 6:54 AM EDT

DALLAS--(BUSINESS WIRE)-- Granite Ridge Resources, Inc. (Granite Ridge or the Company) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the launch of an underwritten registered secondary offering by certain funds managed by Grey Rock Energy Management, LLC (the Selling Shareholders) of 7,100,000 shares of its common stock, par value $0.0001 per share (the common stock). The underwriters will have a 30-day option to purchase up to an additional 1,065,000 shares of common stock from the Selling Shareholders. Granite Ridge will not sell any common stock in the offering and will not... More