Filed Pursuant to Rule 424(b)(3)
Registration No. 333-268478
PROSPECTUS SUPPLEMENT NO. 6
(To the Prospectus dated April 3, 2023)
Granite Ridge Resources, Inc.
123,671,585 Shares of Common Stock
10,349,975 Shares of Common Stock issuable
upon the exercise of Warrants
This prospectus supplement
supplements the prospectus, dated April 3, 2023 (as supplemented or amended, the “Prospectus”) of Granite Ridge Resources, Inc.
(the “Company” or “Granite Ridge”), which forms a part of our registration statement on Form S-1 (No. 333-268478).
This prospectus supplement is being filed to update and supplement the information in the Prospectus with the information contained in
our Current Report on Form 8-K filed with the Securities and Exchange Commission on June 22, 2023. Accordingly, we have attached
the Current Report to this prospectus supplement.
The
Prospectus and this prospectus supplement relate to (i) the issuance by us of up to an aggregate of 10,349,975 shares of common stock,
$0.0001 par value (the “Granite Ridge common stock”) that may be issued upon exercise of warrants to purchase Granite Ridge
common stock at an exercise price of $11.50 per share (the “Granite Ridge warrants”) and (ii) the offer and sale
from time to time by the selling securityholders named in the Prospectus (the “Selling Securityholders”), or their permitted
transferees, of up to 123,671,585 shares of Granite Ridge common stock
Granite Ridge common stock
and Granite Ridge warrants are listed on the New York Stock Exchange under the symbols “GRNT” and “GRNT WS,” respectively.
On June 21, 2023, the closing price of Granite Ridge common stock was $6.91 per share and the closing price of Granite Ridge warrants
on June 21, 2023 was $1.54 per warrant.
This prospectus supplement
should be read in conjunction with the Prospectus and is not complete without, and may not be delivered or utilized except in connection
with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement is qualified by reference to the Prospectus,
including any amendments or supplements thereto, except to the extent that the information in this prospectus supplement updates and supersedes
the information contained therein. If there is any inconsistency between the information in the Prospectus and this prospectus supplement,
you should rely on the information in this prospectus supplement.
We are an “emerging growth company”
and a “smaller reporting company” as those terms are defined under applicable federal securities laws, and as such, are subject
to certain reduced public company reporting requirements.
Investing in our securities
involves a high degree of risk. Before buying any securities, you should carefully read the discussion of the risks of investing in our
securities in “Risk Factors” beginning on page 10 of the Prospectus.
Neither
the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the
accuracy or adequacy of this prospectus supplement or the Prospectus. Any representation to the contrary is a criminal offense.
Prospectus Supplement dated June 22, 2023.
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 OR 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 22, 2023
Granite
Ridge Resources, Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
001-41537 |
88-2227812 |
(State or other jurisdiction
of incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
5217 McKinney Avenue, Suite 400
Dallas, Texas |
75205 |
(Address of principal executive offices) |
(Zip Code) |
(214)
396-2850
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
x |
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Common
stock, par value $0.0001 per share |
GRNT |
New
York Stock Exchange |
Warrants
to purchase Common Stock, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share |
GRNT.WS |
New
York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
On
June 22, 2023, Granite Ridge Resources, Inc., a Delaware corporation (“Granite Ridge” or the “Company”),
consummated the closing of the Company’s previously announced exchange offer (the “Offer”) relating to its outstanding
warrants to purchase shares of common stock of the Company, par value $0.0001 per share (the “Common Stock”), which warrants
trade on the New York Stock Exchange under the symbol “GRNT.WS” (the “Warrants”). The Company also consummated
the closing of the consent solicitation related to the Offer, which solicited consents from holders of the Warrants to amend that
certain Warrant Agreement, dated as of September 15, 2020, by and between Executive Network Partnering Corporation, a Delaware corporation
(“ENPC”), and Continental Stock Transfer & Trust Company, as warrant agent (“Continental”), as amended
on March 24, 2021, by and between ENPC and Continental, and as assigned pursuant to the Assignment, Assumption and Amendment Agreement,
dated as of October 24, 2022, by and between Granite Ridge, ENPC and Continental (as amended and assigned, the “Warrant Agreement”)
to permit the Company to require that each Warrant that is outstanding upon the closing of the Offer be exchanged for 0.225 shares of
Common Stock, which is a ratio 10% less than the exchange ratio applicable to the Offer (such amendment, the “Warrant Amendment”).
The Company issued 2,471,738 shares of Common Stock in exchange for the Warrants tendered in the Offer.
As previously announced, the
Company exercised its right, in accordance with the terms of the Warrant Amendment, to exchange each Warrant that is outstanding upon
the closing of the Offer for 0.225 shares of Common Stock per Warrant (the “Post-Offer Exchange”). The Company fixed the date
for the Post-Offer Exchange as July 5, 2023.
Cautionary Statement Regarding Forward-Looking
Statements
This
Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws, including statements
regarding the expected consummation of the Post-Offer Exchange. These forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,” and similar
expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions,
projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject
to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in
this Current Report on Form 8-K, including, but not limited to those described under the section entitled “Risk Factors”
in the Company’s registration statement on Form S-4/A, filed June 5, 2023, as such factors may be updated from time to
time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.
New risks emerge from time to time. It is not possible
for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor,
or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may
make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this Current Report
on Form 8-K may not occur and actual results could differ materially and adversely from those anticipated.
Forward-looking statements speak only as of the
date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do
not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. We
do not give any assurance that we will achieve our expectations.
Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
|
Description |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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GRANITE RIDGE RESOURCES, INC. |
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Date: June 22, 2023 |
By: |
/s/ Luke C. Brandenberg |
|
|
Name: |
Luke C. Brandenberg |
|
|
Title: |
President and Chief Executive Officer |
Granite Ridge Resources (NYSE:GRNT)
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