Grey Rock Investment Partners and Executive Network Partnering Corporation Successfully Complete Business Combination Forming Publicly Traded Granite Ridge Resources
Granite Ridge is listed on the NYSE under the ticker symbol "GRNT"
Granite Ridge is a scaled, non-operated oil and gas exploration and production company with an unlevered balance sheet and immediate free cash flow generation
Granite Ridge initial enterprise value of $1.2 billion is underpinned by an anticipated 4.9% annual dividend yield and an attractive entry valuation multiple for investors
Management team, sponsor economics and governance are highly aligned with public stockholders
Grey Rock Investment Partners ("Grey Rock"), a Dallas-based investment firm, and Executive Network Partnering Corporation ("ENPC") (NYSE:ENPC), a special purpose acquisition entity, announced today
