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<STATE>MA
<ZIP>02116
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed by Executive Network Partnering Corporation pursuant to </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Rule 425 under the Securities Act of 1933 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>and deemed filed pursuant to Rule 14a-12 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>under the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Subject Company: Executive Network Partnering Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Commission File No. 001-39521 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From the
Dallas Business Journal: https://www.bizjournals.com/dallas/news/2022/05/25/grey-rock-spac-paul-ryan-griffin-perry.html </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Behind the deal: Dallas-based
Grey Rock&#146;s $1.3B combo with Paul Ryan&#146;s SPAC </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">May&nbsp;25, 2022, 11:57am CDT <B>Updated: May</B><B></B><B>&nbsp;25, 2022, 1:14pm CDT</B>
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grey Rock Investment Partners is hitting the public markets through a <FONT STYLE="white-space:nowrap">$1.3-billion</FONT> blank-check
company deal, even as the SPAC boom has cooled off and volatile public markets.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">The
Dallas private equity firm&#146;s co-founder, Griffin Perry, said Grey Rock is different from other special-purpose acquisition company prospects because of its niche focus and financial track record.&nbsp;Griffin is the son of former Texas Governor
Rick Perry, who also served as Secretary of Energy from 2017 until 2019.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g276087g70f54.jpg" ALT="LOGO">
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">JAKE DEAN</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Griffin Perry founded Grey Rock Investment Partners in 2013 with Matt Miller and Kirk Lazarine.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The local company sits in the <FONT STYLE="white-space:nowrap">non-operated</FONT> oil and gas space, partnering with
operators across the United States. The combined entity will be based in Dallas and has a 2022 estimated EBITDA of about $425&nbsp;million and a free cash flow of more than $240&nbsp;million. Perry said the firm, which he founded in 2013 with Matt
Miller and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Kirk Lazarine, began looking to monetize some of its assets last November and decided a SPAC would be the
best option because of its certainty of entering the public market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We had successfully deployed a pretty significant amount of capital through the
COVID downturn. As some of our funds were maturing, we looked at what was the best way to drive value for our investors,&#148; Perry said. &#147;The SPAC world is built for companies like ours that have free cash flow and strong EBITDA. What you saw
in the SPAC market that got a negative perception is companies that were putting out guidance far beyond real clarity.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The past two years have been
banner years for SPAC deals, but as regulations have increased and the economy has shaken public markets, the <FONT STYLE="white-space:nowrap">go-public</FONT> option has gone more tepid. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grey Rock will combine with Executive Network Partnering Corporation (NYSE: ENPC), a SPAC backed by former Speaker of the U.S. House of Representatives Paul
Ryan, to form Granite Ridge Resources Inc. Granite Ridge will continue Grey Rock&#146;s investment thesis around <FONT STYLE="white-space:nowrap">non-operating</FONT> interests and will acquire assets from three of the Dallas firm&#146;s four funds
in exchange for equity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grey Rock has raised four funds of about $50&nbsp;million, $150&nbsp;million, $250&nbsp;million and $75&nbsp;million, in order,
Perry said. The firm has more than $525&nbsp;million in committed capital under management and interests in more than 2,500 wells in the Midland, Delaware, Bakken, Eagle Ford, DJ and Haynesville plays. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon close, Luke Brandenberg, who will become Granite Ridge&#146;s CEO, said going public provides a liquidity event to give more value to Grey Rock
investors. He added that there isn&#146;t much institutional competition in the public arena for <FONT STYLE="white-space:nowrap">non-operated</FONT> oil and gas interests.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;By going public, it allows us to, instead of having a defined fund life that you&#146;ll have with institutional partners, we have this perpetual
vehicle that gives us a lot more flexibility, allows us to be more creative in the opportunities that we&#146;re pursuing and even more long-term focused,&#148; Brandenberg said.</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Perry estimates the deal will close in late summer or early fall, depending on regulatory approval. The
Securities and Exchange Commission has recently ramped up disclosure and procedural requirements for SPAC mergers. Perry said the company tried to implement enhanced reporting in its initial filing by only using estimates through the end of next
year instead of several years in the future. Grey Rock also brought on an <FONT STYLE="white-space:nowrap">in-house</FONT> general counsel last year, and Brandenberg said he thinks the company will hire more folks on the compliance side of the
business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Brandenberg added that while Grey Rock is a private entity, many institutional investors have certain reporting and transparency requirements
that the firm has had to meet. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Post-close, Grey Rock will continue to exist as a private vehicle alongside Granite Ridge. Grey Rock will also continue to
manage the assets it&#146;s slated to transfer to Granite Ridge through a services agreement, as Brandenberg and incoming CFO Tyler Farquharson lead the company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Perry said average deals are currently about $3.5&nbsp;million, but the formation of Granite Ridge opens the entity up to deals around $50&nbsp;million. As
part of the deal, Grey Rock can continue to source and invest in assets, but Granite Ridge will have the opportunity to participate with up to 75% of the transaction allocated to the public company.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Perry added he thinks there&#146;s a lack of capital in the oil and gas space as the U.S. looks to increase production to meet global demand. Brandenberg said
he thinks the war in Ukraine has also made the country and investors more conscious of the need for energy security. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In July, the firm is moving offices
to an <FONT STYLE="white-space:nowrap">11,000-square-foot</FONT> space at McKinney Avenue, and McCommas Boulevard from its current <FONT STYLE="white-space:nowrap">4,500-square-foot</FONT> lease at Cedar Springs Road and Gillespie Street to
facilitate more hires and more room for current employees, Perry said. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ENPC, the blank-check company, was formed as a partnership between Ryan,
businessman Alex Dunn and Solamere Capital, where Ryan is a partner. Brandenberg said ENPC won&#146;t be largely involved in the operations of Granite Ridge post-close but said Ryan has offered to help with networking opportunities and connections.
Ryan said in a prepared statement that Grey Rock brings great assets and a proper capital structure.</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;As hydrocarbons continue to play an important role in the global energy mix, we are confident that
Granite Ridge, led by a world-class team with deep operational, technical, and financial expertise, is a compelling opportunity for investors looking to participate in the energy space,&#148; Ryan said in the statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The company is expected to be listed on the New York Stock Exchange under &#147;GRNT.&#148; </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Catherine Leffert</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Staff Writer</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><I>Dallas&nbsp;Business&nbsp;Journal</I></P></TD>
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