HighPeak Energy, Inc. Announces Closing of Underwritten Public Offering of Common Stock

About this update from Highpeak Energy, Inc.

[{"type":"text","content":"FORT WORTH, Texas, July 21, 2023 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (the “Company”) (NASDAQ: HPK) today announced the closing of its underwritten public offering of 14,835,000 shares of its common stock, which includes the underwriter’s 30-day option to purchase up to 1,935,000 additional shares (the “Option”) which was exercised in full on July 20, 2023, par value $0.0001 per share (“common stock”), at a price to the public of $10.50 per share. The net proceeds to the Company from the offering, including the net proceeds from the shares of common stock sold pursuant to the Option, were approximately $151.2 million. The Company intends to use the net proceeds from this offering for working capital and to otherwise enhance near-term liquidity. Roth Capital Partners acted as sole manager of the offering. TCBI Securities, Inc., doing business as Texas Capital Securities, acted as financial advisor to the Company for the offering. The offering was made pursuant to a shelf registration statement on Form S-3, including a base prospectus, that was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 3, 2022. The preliminary prospectus supplement, base prospectus and final prospectus supplement relating to the offering, have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement, base prospectus and final prospectus supplement, relating to the offering, may be obtained by sending a request to: Roth Capital Partners, LLC, Attention: Prospectus Department, 888 San Clemente Drive, Suite 400, Newport Beach, California 92660, or by telephone at 1-800-678-9147, or by accessing the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities, nor shall there be any sale of such shares of common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About HighPeak Energy, Inc. HighPeak Energy, Inc. is a publicly traded independent oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploratio...

More updates from Highpeak Energy, Inc.