Frequently Asked Questions DCRD

WHAT IS DECARBONIZATION PLUS ACQUISITION CORPORATION IV?

Decarbonization Plus Acquisition Corporation IV is a special purpose acquisition company (SPAC), or “blank check” company, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

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HOW DO I INVEST IN DECARBONIZATION PLUS ACQUISITION CORPORATION IV?

There are several ways to invest in Decarbonization Plus Acquisition Corporation IV. Decarbonization Plus Acquisition Corporation IV’s securities are publicly traded on the NASDAQ exchange under the ticker symbols “DCRD”, “DCRDW” and “DCRDU.” Decarbonization Plus Acquisition Corporation IV’s Class A ordinary shares trade under DCRD, its warrants trade under DCRDW and its units trade under DCRDU.

Each warrant, once exercisable, will entitle the holder to purchase one Class A ordinary share of Decarbonization Plus Acquisition Corporation IV at a price of $11.50 per share, subject to adjustment, as described in Decarbonization Plus Acquisition Corporation IV’s public filings with the SEC.

Each unit is comprised of one Class A ordinary share and one-half of one warrant. Each unit may be separated into its underlying securities upon the election of the unitholder. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly, unless you purchase at least two units, upon separation, you will not be able to receive or trade a whole warrant.

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HAS DECARBONIZATION PLUS ACQUISITION CORPORATION IV ANNOUNCED A TARGET COMPANY WITH WHICH IT PLANS TO MERGE?

Yes. On September 26, 2022, Decarbonization Plus Acquisition Corporation IV announced its intention to amalgamate with Hammerhead Resources Inc., a Canada-based energy company with assets and operations in Alberta.

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WHAT WILL HAPPEN TO MY SHARES OF DECARBONIZATION PLUS ACQUISITION CORPORATION IV WHEN IT COMPLETES AN AMALGAMATION WITH HAMMERHEAD RESOURCES INC.? DO I NEED TO DO ANYTHING TO KEEP MY INVESTMENT?

Prior to Decarbonization Plus Acquisition Corporation IV’s amalgamation with Hammerhead Resources inc., Decarbonization Plus Acquisition Corporation IV will transfer by way of continuation from the Cayman Islands to Alberta and domesticate as an Alberta corporation. Decarbonization Plus Acquisition Corporation IV’s ordinary shares will subsequently be referred to as “common shares.

As a result of the business combination, (i) each Class A common share of Decarbonization Plus Acquisition Corporation IV (the “DCRD Class A Common Shares”)will be exchanged for a Class A common share of Hammerhead Energy Inc., the new parent company following the business combination (“NewCo” and such shares, the “NewCo Class A Common Shares”), and (ii) each warrant of Decarbonization Plus Acquisition Corporation IV (the “DCRD warrants”) will be exchanged for a warrant of NewCo (the “NewCo warrants”) and will be exercisable for one NewCo Class A Common Share. In connection with the closing of the business combination, (i) Decarbonization Plus Acquisition Corporation IV’s units will automatically separate into the component securities and will no longer trade as a separate security, (ii) following the exchange of DCRD Class A Common Shares for NewCo Class A Common Shares and the exchange of the DCRD warrants for NewCo’s warrants described above, all of Decarbonization Plus Acquisition Corporation IV’s common shares, units and warrants will be delisted from Nasdaq and will cease to be publicly traded and (iii) NewCo will list its common shares and warrants for trading on Nasdaq under the symbols “HHRS” and “HHRW,” respectively. You do not need to do anything to effect this exchange or to keep your investment.

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