HighPeak Energy Inc. closed its underwritten public offering of 14,835,000 shares of its common stock, the company announced in a July 21 press release. (Source: HighPeak Energy Inc.)
HighPeak Energy Inc. closed its underwritten public offering of 14,835,000 shares of its common stock, the company announced in a July 21 press release.
The closing of the underwritten public offering includes the underwriter’s 30-day option to purchase up to 1,935,000 additional shares, exercised in full on July 20 at $0.0001 per share at a price to the public of $10.50 per share.
Net proceeds from the offering will be used towards working capital and to enhance near-term liquidity.
Roth Capital Partners acted as sole manager of the offering and TCBI Securities Inc., doing business as Texas Capital Securities, acted as financial advisor.
Headquartered in Fort Worth, Texas, HighPeak Energy is a publicly traded independent E&P operating in the Midland Basin.
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