Seven Firms Drill $1 Billion Energy SPAC for Canada’s Hammerhead

Paul, Weiss is advising Hammerhead Resources Inc., a Calgary, Canada-based energy company, on its go-public merger with a special purpose acquisition company aimed at decarbonizing upstream oil and gas production.

Calgary firm Burnet Duckworth & Palmer is also advising Hammerhead, which is backed by New York-based private equity firm Riverstone Holdings. The transaction values the company at $1.01 billion, according to a statement.

Big Canadian firm Blake, Cassels & Graydon is counseling the Hammerhead board of directors’ special committee.

The SPAC, Decarbonization Plus Acquisition Corporation IV, is getting counseled by Vinson & Elkins, Canadian law firm Bennett Jones, and Cayman ...