Veren Inc.

7 Nov 2023capital raising announcement▼ BadMajor

Crescent Point agreed a bought-deal sale of 48,550,000 new common shares at $10.30 each for about CDN$500 million (up to about CDN$575 million if the over-allotment option is used), closing around Nov 10, 2023. The money is meant to partly fund the cash portion of its acquisition of Hammerhead Energy Inc., a deal of about CDN$2.55 billion announced the same day. The offering is not conditional on that deal closing; if it fails, proceeds would go to debt, growth opportunities or general purposes. Existing shareholders are diluted by the new shares.

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20 Sept 2016capital raising announcement● NeutralMajor

Crescent Point announced the closing of a bought deal financing (a share sale to underwriters). The filing text shown gives only the headline, so the size, price and use of proceeds are not stated here. Shareholders may see dilution from the new shares (inference from the nature of a bought deal).

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16 June 2015capital raising announcement● NeutralMajor

The company announced it had closed a 'bought deal' financing, which is a share offering sold through underwriters. It is a Canada-only release. The excerpt gives no size, price or share count, so the dilution to existing shareholders is not shown.

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25 June 2014capital raising announcement● NeutralMajor

The company announced it had closed a private placement of notes, which is a debt raise. The excerpt does not give the amount, interest rate or maturity.

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