Hyde Park to merge with Santa Maria Energy Holdings

Hyde Park Acquisition Corp. II

Hyde Park Acquisition Corp. II (NASDAQ: HPAC), a special-purpose acquisition corporation, has signed a merger agreement with Santa Maria Energy Holdings LLC (SME), an independent energy company focused on the exploration and development of assets located in the Santa Maria Basin in California. 

Hyde Park stockholders and all of SME's existing unitholders, including affiliates of Kayne Anderson Capital Advisors LP, will receive stock in Santa Maria Energy Corp., the resulting parent company in the merger. The shares issued in the merger are expected to be listed on the NASDAQ Capital Market. SME management will continue to oversee the day-to-day operations of Santa Maria Energy Corp. following the merger.

The cash contributed by Hyde Park in the transaction, together with additional equity capital expected to be raised in conjunction with the merger, will be available for the development of SME's assets and for general corporate purposes.

The transaction is anticipated to close in the second quarter of 2014.

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