HighPeak Energy (HPK) Prices 2.2M Share Offering at $10/sh

October 21, 2021 5:50 AM EDT

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HighPeak Energy, Inc. (NASDAQ: HPK) today announced the pricing of its underwritten public offering of 2,200,000 shares of its common stock, at a price to the public of $10.00 per share, pursuant to a registration statement on Form S-1 (the “Registration Statement”) filed previously with the U.S. Securities and Exchange Commission (the “SEC”). The net proceeds to the Company from the offering, after deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $20.2 million. In connection with the offering, the Company also granted the underwriters a 30-day option to purchase up to an additional 330,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds of this offering for general corporate purposes, which may include accelerating its drilling and development activities and funding further bolt-on acquisitions. The offering is expected to close on October 25, 2021, subject to customary closing conditions.

Roth Capital Partners is serving as the sole book-running manager and Northland Capital Markets and Seaport Global Securities are serving as co-managers for the offering.

The offering is being made only by means of a prospectus that meets the requirements under the Securities Act of 1933, as amended. A copy of the final prospectus relating to the offering may be obtained from: 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.

The Registration Statement was declared effective by the SEC on October 20, 2021. The Registration Statement may be obtained free of charge at the SEC’s website at www.sec.gov under “HighPeak Energy, Inc.” 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.



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