Greenfire Resources (GFR) Registration Filing summary

Company overview and business model

• Operates as a Canadian energy company incorporated in Alberta, with shares listed on the TSX and NYSE.

• Issues common shares and rights to shareholders in eligible jurisdictions, primarily Canada and the United States.

Financial performance and metrics

• As of the offering, 70,256,512 common shares are outstanding.

• Maximum net proceeds from the rights offering are estimated at $299 million, after $1 million in expenses.

• Working capital as of the most recent quarter end is $116.6 million, with total available funds post-offering projected at $415.6 million.

Use of proceeds and capital allocation

• All available funds from the offering and cash on hand will be used to redeem US$237.5 million of 12% senior secured notes due 2028.

• Redemption of notes will occur at a premium, as per the terms, between October 1, 2025, and October 1, 2026.