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.

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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.

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