The special meeting on October 9 is the next catalyst; stockholder approval is likely given board unanimity and the noteholder consent milestone. Monitor for regulatory approvals in Colombia and Ecuador as the final closing conditions.
Price Chart
Executive Summary
Gran Tierra Energy filed a definitive proxy statement for an October 9, 2026 special meeting to approve the $1.33 billion sale of its Colombian and Ecuadorian businesses to Maurel & Pac. Noteholder consent for the 9.750% Senior Secured Amortizing Notes due 2031 has been obtained, removing a key condition to closing. Stockholder approval and remaining regulatory approvals in Colombia and Ecuador are the final steps before completion.
Key Financial Metrics
Key Facts
- Total consideration for the sale is approximately $1.33 billion.
- Special meeting of stockholders scheduled for October 9, 2026.
- Noteholder consent for 9.750% Senior Secured Amortizing Notes due 2031 obtained on September 22, 2026.
- Stockholder approval requires majority of outstanding shares voting in favor.
- Remaining conditions include regulatory approvals in Colombia and Ecuador.
- Board of Directors unanimously recommends approval of the sale.
Financial Impact
Total consideration of approximately $1.33 billion for the sale of Colombian and Ecuadorian businesses.
Risk Factors
- Stockholder approval may not be obtained.
- Regulatory approvals in Colombia and Ecuador could be delayed or denied.
- Potential adjustments to the $1.33 billion consideration.
- Termination of the Share Purchase Agreement could result in a termination fee.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3367694 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $10.52 $10.62 | ▲ +0.95% | ▲ +0.96% | $11.49 (+9.22%) |
Oct 7, 2026 19d ago | DEFA14A | $10.49 $10.58 | ▲ +0.86% | ▲ +0.26% | $11.49 (+9.53%) |
Oct 5, 2026 21d ago | Press Release | $10.46 $10.37 | ▼ −0.86% | ▼ −0.62% | $11.49 (+9.85%) |
Sep 23, 2026 4w ago | DEFA14A | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.49 (+15.25%) |
Sep 23, 2026 4w ago | Press Release | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.49 (+15.25%) |
Sep 11, 2026 6w ago | Press Release | $10.79 $10.57 | ▼ −2.04% | ▼ −1.59% | $11.49 (+6.49%) |
Aug 13, 2026 10w ago | Insider Cluster | $9.19 $9.38 | ▲ +2.07% | ▲ +2.54% | $11.49 (+25.03%) |
Aug 11, 2026 10w ago | Insider Cluster | $9.35 $9.50 | ▲ +1.60% | ▲ +0.91% | $11.49 (+22.89%) |
Aug 10, 2026 10w ago | Insider Cluster | $9.53 $9.35 | ▼ −1.89% | ▼ −2.14% | $11.49 (+20.57%) |
Aug 7, 2026 11w ago | Insider Cluster | $8.95 $9.53 | ▲ +6.48% | ▲ +6.80% | $11.49 (+28.38%) |
US Market Status
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