Greenfire Resources Ltd. Form SCHEDULE 13D/A — Nov 10, 2026
Waterous Energy Fund and related reporting persons filed Amendment No. 5 to their Schedule 13D on Greenfire Resources, disclosing that on November 8, 2026 Greenfire signed an Arrangement Agreement with Strathcona Resources. Strathcona will acquire all Greenfire shares, with each holder electing C$11.00 in cash or 0.25 of a Strathcona Class B share per Greenfire share; shareholders who do not elect are deemed to take cash. Because Waterous controls both companies (72.45% of Greenfire), the deal is a Rule 13e-3 going-private transaction.
Key figures
- Shares Outstanding
- 177007356
- Outside date
- February 9, 2027
- Percent of class
- 72.45%
- Special meeting date
- January 12, 2027
- Share consideration ratio
- 0.25 Strathcona Class B share per Greenfire share
- Greenfire credit facilities
- $950 million revolving + $50 million operating
- Greenfire dissent threshold
- 10% of shares outstanding
- Cash consideration per share
- C$11.00
- Strathcona credit facilities
- $3.405 billion syndicated revolver + $100 million operating + US$175 million term
- Termination amount each party
- C$75,000,000.00
- Greenfire warrants outstanding
- 7526667
- Shareholder approval threshold
- 66% of votes cast plus majority-of-minority
- Shares acquired dec 2025 rights
- 40387828
- Shares acquired sept 2026 rights
- 82794178
- Consideration paid dec 2025 rights
- C$219,709,784
- December 2025 rights offering size
- C$300 million
- Consideration paid sept 2026 rights
- C$558,032,760
- September 2026 rights offering size
- C$775 million
- December 2025 rights subscription price
- C$5.44 / US$3.85
- September 2026 rights subscription price
- C$6.74 / US$4.81
AI analysis
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