Vitesse Energy, Inc. announced the successful completion of its acquisition of Lucero Energy Corp. The arrangement received approval from Vitesse stockholders on March 5, 2025, and Lucero shareholders on March 6, 2025, with the Court of King’s Bench of Alberta also granting approval on March 6, 2025.
Following the completion of the acquisition, Lucero shares were delisted from the TSX Venture Exchange and the OTCQB Market. This transaction integrates Lucero's assets and operational capabilities into Vitesse's portfolio, marking a strategic shift for the company.
Effective with the closing, M. Bruce Chernoff and Gary D. Reaves were appointed to Vitesse’s Board of Directors, expanding the board to a total of nine directors. Vitesse’s leadership team will continue in their existing capacities, guiding the combined entity forward.
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