Oil and gas company: HighPeak Energy, Inc. (HPK)

HighPeak Energy, Inc. (NASDAQ: HPK) was founded in 2019 and headquartered in Fort Worth, Texas, USA, on August 24, 2020, Special purpose acquisition company PurePeak Acquisition Corp. (formerly NASDAQ: PACQ, PACQU, PACQW) and oil and gas exploration and production company HighPeak Energy, Inc. (formerly NASDAQ: HPK, HPKEW) announced the completion of business merger to acquire oil and gas assets HighPeak Energy, LP, HighPeak Energy II, LP and other assets.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/hpk.html

HighPeak Energy, Inc. (HPK)

HighPeak Energy, Inc. is an independent oil and gas company engaged in the acquisition, exploration, development and production of oil, natural gas and natural gas liquid reserves in the Midland Basin in western Texas. As of December 31, 2020, the Company has about 22515 MBoe of proved reserves. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/hpk.html

HighPeak Energy is led by Jack Highpower, its chairman and CEO. Jack Highpower is an industry veteran with more than 49 years of experience in the oil and gas industry. HighPeak Energy's senior, high-quality and complementary management team has provided rich experience in various roles in the exploration and production industry. This covers all necessary disciplines, including petroleum engineering, geology, geophysics, operations, drilling, land and finance. Provide HighPeak Energy with the synergies and capabilities required for its business operations. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/hpk.html

HighPeak Energy is mainly located in Howard County, Texas, which is located in the northeast of the oil-rich Midland Basin. It has the highest operating profit rate among its Permian peers and the highest oil production reduction rate among these peers. HighPeak Energy owns about 51000 acres of continuous land, mainly located in Howard County, with an operating area of more than 90%. It can provide large and deep inventory to maximize capital and operating efficiency. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/hpk.html

HighPeak Energy, Inc. (HPK) is listed:

HighPeak was established in 2020 through the business merger of HighPeak Energy and Pure Acquisition Corporation, a special purpose acquisition company established by Jack Highpower, chairman and CEO of HighPeak. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/hpk.html

In addition, as consideration for the merger, the public shareholders of PurePeak (i) obtained a total of 1232425 ordinary shares of HighPeak Energy, 1232425 warrants to purchase ordinary shares of HighPeak Energy ("HighPeak Energy Warrants") and 1232425 contingent value rights, representing that qualified holders will obtain ordinary shares of HighPeak Energy ("CVR"), Each public shareholder of PurePeak will receive one HighPeak Energy ordinary share, one HighPeak Energy warrant and one CVR in exchange for the par value of each class A ordinary share of PurePeak held as of the closing of US $0.0001 per share ("Class A ordinary share"), (ii) holders of PurePeak warrants have received a total of 328888 HighPeak Energy warrants, Representing a HighPeak Energy warrant in exchange for the cash held by the holders of each Pure Pure warrant held by the company at the closing; (iii) Received cash of $0.62 per share of PurePeak's Class A ordinary shares at the close, which is equal to the redemption value of each share of PurePeak's Class A ordinary shares at the close exceeding $10 per share, totaling about $767902. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/hpk.html

In addition, after the completion of the transaction, the company issued HighPeak Energy common shares, HighPeak Energy warrants and additional shares of CVR to certain qualified institutional buyers and qualified investors in accordance with the private placement of the revised and restated forward purchase agreement. The Company's common shares and warrants will be traded on the NASDAQ global market from Monday, August 24, 2020. The company has submitted an application for trading its CVR in the OTC market and NASDAQ, and the transaction code is "HPKER". The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/hpk.html

HighPeak Energy, Inc. (HPK) US equity investment