Osprey Energy / Falcon Minerals holders approve initial business combination
Osprey Energy Acquisition announced that its stockholders have approved Osprey's previously announced definitive agreement to acquire the assets of Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners and approved the acquisitions and other transactions contemplated thereby, at the special meeting of stockholders held today. Additionally, Osprey announced that none of Osprey's stockholders exercised their right to redeem shares of Class A common stock of Osprey in connection with the business combination. Osprey's board of directors had previously approved the business combination.In addition to approving the business combination, Osprey's stockholders approved the amendment of Osprey's certificate of incorporation, including changing the name of Osprey to "Falcon Minerals Corporation," and all other proposals included in the definitive proxy statement filed by Osprey with the Securities and Exchange Commission on August 3. Osprey expects the transactions to close in the coming days, subject to customary closing conditions. Upon closing, Falcon Minerals Corporation will be a public minerals company with a world-class, oil-weighted asset base concentrated in the core-of-the-core of the Eagle Ford Shale and a strategic focus on driving sustainable free cash flow and visible growth in leading North American oil play.