Granite Ridge Resources, Inc. (GRNT) — Reincorporation detail

Announcement

2026-06-04

First SEC disclosure

Meeting / Vote

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SCHEDULED

Effective

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Legal effective date

Market Cap

$649M

At announcement

Why this firm matters

Standard cohort firm (Scheduled). Included for breadth across destinations and sectors.

Controller & ownership

DE FACTO CONTROLLERStrategic Pe Defacto Controller Via Voting Agreement

Grey Rock Energy Management (Fund III + GREP GP II; Stockholder Voting Agreement Parties) holds approximately 50.0% of voting power. Effective controller under Delaware/common-law definition though not strict listing-rule (>50%) controlled.

Source: Grey Rock's Fund III holds 65,853,671 shares (49.9%); the Voting Agreement Parties (GREP GP II + Messrs. Miller, Perry, Darden, Lazarine) collectively hold ~49.8% of total outstanding and 50.0% of shares entitled to vote under a Stockholder Voting Agreement dated August 25, 2023. The Company treated Grey Rock as a controller: the reincorporation was approved by an independent Special Committee (Everard, McCartney, Coussens) with Grey Rock recused, using DGCL Sec. 144 controller-cleansing (Young Conaway as Delaware Special-Committee counsel; Vinson & Elkins as Texas counsel). Effective/de facto control via the ~50% voting-agreement bloc - not a strict >50% listing-rule controller, and no controlled-company exemption is claimed. Source: Granite Ridge PRE 14A acc 0001928446-26-000031, pp. 38, 40.

Vote outcome — reincorporation proposal

Approval standard: majority of the outstanding shares entitled to vote (DGCL Sec. 266 / TBOC Sec. 10.102 conversion); abstentions count as against. Meeting type: annual.

Vote totals not yet pulled. Awaiting EDGAR Item 5.07.

Event-study abnormal returns — announcement window

Returns around the announcement date.

No announcement-window CARs available for this firm yet.

Event-study abnormal returns — vote window

Returns around the shareholder-vote (or written-consent) date.

Vote window CARs not yet computed (vote on —).

Long-run abnormal returns & pooled estimates

Buy-and-hold abnormal returns (1 / 3 / 6 / 12 months) and calendar-time portfolio alpha (CTE) post-effective.

No long-run / pooled estimates available for this firm yet — run phase5z_compute_longrun.py on Windows to populate (requires effective date ≥ 3 months ago).

Cohort-level robustness battery

Heckman selection-corrected ATE · Romano-Wolf step-down + BH FDR · pooled BHAR. This firm's reading is shown in context of the full cohort.

Heckman two-step selection correction (controlled-vs-widely-held)

Cohort ATE = +0.94% (SE = 7.06%, n = 2395) after correcting for controller-status selection (inverse Mills ratio = -0.062).

Romano-Wolf step-down + Benjamini-Hochberg FDR (n = 47)

This firm: per-firm adjusted p-values pending. Multiple-hypothesis correction is computed across the full cohort to control family-wise error rate at alpha = 0.05.

Pooled cohort BHAR (mover firms only)

BHAR_63d: mean = -5.60% (SE = 22.11%, n = 3, p = 0.499) · BHAR_126d: mean = +17.33% (SE = 41.17%, n = 3, p = 0.774)

See Cohort event study → for the full battery and forest plots.

Texas Statutory Adoptions

Status: N/A pending reincorporation.

The Texas opt-in statutory regimes (TBOC §21.552 / SB 29 derivative threshold; TBOC §21.373 / SB 1057 shareholder-proposal threshold) are available only to firms that are nationally listed Texas corporations. Granite Ridge Resources, Inc. is not yet Texas-incorporated; the move is pending shareholder vote with a proposed effective date of TBD. These adoptions can be elected only on or after the firm's TX effective date.

Source filings

Primary-source documents on SEC EDGAR plus IR / search links.

Source filings pending EDGAR backfill. No primary-source filings are presently linked in the canonical record for this firm. Until backfill completes, see SEC EDGAR company browse (CIK 0001928446) → for the live filings list.

Classification & audit trail

Bucket

Panel eligibility

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Audit status

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Source confidence

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Transaction status

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Audit notes

[2026-06-11] Added per Shane. Granite Ridge Resources (NYSE:GRNT, CIK 0001928446), DE corp, PRE 14A filed 2026-06-04 (acc 0001928446-26-000031) -> special meeting to approve DE->TX reincorporation by conversion (DGCL Sec. 266 / TBOC Sec. 10.102; 1:1 share conversion; NYSE ticker unchanged). PRELIMINARY proxy -> meeting/record/effective dates all bracketed; status SCHEDULED, no vote yet. Approval = majority of OUTSTANDING shares entitled to vote; abstentions = against. Controller: Grey Rock — Fund III 49.9% (65,853,671 of [131,895,990]); Voting Agreement Parties (GREP GP II + Miller/Perry/Darden/Lazarine, agreement dtd 2023-08-25) ~49.8% total outstanding / 50.0% of shares entitled to vote. NOT >50% + no controlled-company exemption -> FOUNDER_INFLUENCED (near-control), NOT CONTROLLED. Independent Special Committee (Everard/McCartney/Coussens), Grey Rock recused, DGCL Sec. 144 cleansing; Young Conaway (DE) + V&E (TX). CORRECTION: a pasted 'hostile red-team' review hallucinated CIK 0001925348 + acc 0001925348-26-000021 — BOTH WRONG; verified CIK 0001928446 / acc 0001928446-26-000031.