California Resources Corporation

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CRC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF CALIFORNIA RESOURCES CORPORATION IS FAIR TO SHAREHOLDERS

February 7, 2024.

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders. Upon completion of the proposed transaction, California Resources shareholders will own approximately 77.1% of the combined company.

The investigation concerns whether California Resources and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for California Resources shareholders; and (2) disclose all material information necessary for California Resources shareholders to adequately assess and value the merger consideration. On behalf of California Resources shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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I currently hold, and will continue to hold, at least one share of California Resources Corporation while the matter, if any, is pending.*

By signing and clicking the “submit” button below, I hereby execute the Retainer Agreement and agree to retain Halper Sadeh LLC in the California Resources Corporation shareholder matter on a contingent fee basis pursuant to the terms set forth in the provided Retainer Agreement, which is incorporated by reference herein. Pursuant to the Retainer Agreement, which is effective upon execution by Halper Sadeh LLC, Halper Sadeh LLC will advance all costs and expenses pursuant to the terms set forth in the Retainer Agreement.*

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Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: September 11, 2024

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