HighPeak Energy (NASDAQ: HPK) recently announced the closing of its underwritten public offering of 14,835,000 shares of its common stock, including the underwriter’s 30-day option to purchase up to 1,935,000 additional shares, 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. HighPeak Energy secured approximately $151.2 million in net proceeds from the offering, including the net proceeds from the shares of common stock sold pursuant to the underwriter’s option. The company intends to use the proceeds 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.
To view the full news release, visit https://ibn.fm/dj07g
About HighPeak Energy Inc.
HighPeak Energy is a publicly traded independent oil and natural gas company, headquartered in Fort Worth, Texas. The company is focused on the acquisition, development, exploration and exploitation of unconventional oil and natural gas reserves in the Midland Basin in West Texas.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork