PURE ACQUISITION CORP.

Pure Acquisition Corp. Closes Business Combination for Company to be Named HighPeak Energy, Inc.

Retrieved on:

Monday, August 24, 2020

The Company has submitted applications to trade its CVRs on the over-the-counter market and the Nasdaq under the symbol HPKER.

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The Company has submitted applications to trade its CVRs on the over-the-counter market and the Nasdaq under the symbol HPKER.
Jack Hightower, HighPeak Energys Chairman and CEO, said, We are excited to have completed the business combination and begin building production and cash flow with our development program.
The stockholders of Pure approved the previously announced business combination with certain affiliates of HighPeak Energy Partners, LP at its special meeting of stockholders on August 18, 2020, with 13,649,922 votes in favor of the business combination and 100,125 votes against the business combination.
HighPeak Energy is an independent oil and natural gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves.

Pure Acquisition Corp. Finalizes Business Combination Merger Consideration

Retrieved on:

Monday, July 27, 2020

Corporate finance, Human resource management, Mergers and acquisitions, Subscription business model, Economy, Business, Articles

FORT WORTH, Texas, July 27, 2020 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has amended its business combination agreement (the HPK Business Combination Agreement) with, among others, HighPeak Energy, Inc. (HighPeak Energy or the Company) and certain affiliates of HighPeak Energy Partners, LP (the HighPeak Funds) to finalize the merger consideration for those Pure stockholders who participate in the business combination.

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FORT WORTH, Texas, July 27, 2020 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has amended its business combination agreement (the HPK Business Combination Agreement) with, among others, HighPeak Energy, Inc. (HighPeak Energy or the Company) and certain affiliates of HighPeak Energy Partners, LP (the HighPeak Funds) to finalize the merger consideration for those Pure stockholders who participate in the business combination.
Pure expects to finalize additional forward purchase commitments and subscriptions prior to the closing of the business combination.
The description of the business combination contained herein is only a summary and is qualified in its entirety by reference to the HPK Business Combination Agreement relating thereto.
Investors and security holders of Pure are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination.

Pure Acquisition Corp. Announces Business Combination Merger Consideration

Retrieved on:

Tuesday, July 7, 2020

Corporate finance, Economy, Corporations, Finance, Special-purpose acquisition company, Consolidation, Financial capital, Mergers and acquisitions

The closing of the business combination is subject to the requisite approval of Pures stockholders and the satisfaction of customary conditions.

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The closing of the business combination is subject to the requisite approval of Pures stockholders and the satisfaction of customary conditions.
The description of the business combination contained herein is only a summary and is qualified in its entirety by reference to the HPK Business Combination Agreement relating thereto.
Pure is a blank check company formed in Delaware on November 13, 2017 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Investors and security holders of Pure are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination.

Pure Acquisition Corp. Announces Business Combination Transaction

Retrieved on:

Monday, May 4, 2020

Consolidation, Financial accounting

FORT WORTH, Texas, May 04, 2020 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has entered into a Business Combination Agreement (the HPK Business Combination Agreement) with, among others, HighPeak Energy, Inc. (HighPeak Energy), a wholly owned subsidiary of Pure formed to effect the business combination, and certain affiliates of HighPeak Energy Partners, LP (the HighPeak Funds).

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FORT WORTH, Texas, May 04, 2020 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has entered into a Business Combination Agreement (the HPK Business Combination Agreement) with, among others, HighPeak Energy, Inc. (HighPeak Energy), a wholly owned subsidiary of Pure formed to effect the business combination, and certain affiliates of HighPeak Energy Partners, LP (the HighPeak Funds).
Pures securities are expected to be delisted from the Nasdaq at closing of the business combination concurrently with the Nasdaq listing for trading of HighPeak Energys securities.
The description of the business combination contained herein is only a summary and is qualified in its entirety by reference to the HPK Business Combination Agreement relating thereto.
An investor presentation covering additional information regarding the business combination will be filed by Pure in a current report on Form 8-K.

Pure Acquisition Corp. Provides Production and Drilling Activity Update

Retrieved on:

Wednesday, January 22, 2020

With our ongoing operations and drilling program, we expect the Combined HighPeak Assets to continue to build production throughout the first quarter of 2020.

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With our ongoing operations and drilling program, we expect the Combined HighPeak Assets to continue to build production throughout the first quarter of 2020.
The cost of drilling, completion, equipping and facilities continues to improve for both wells drilled by the HighPeak Affiliates and by Grenadier.
HighPeak is an independent oil and natural gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves.
HighPeaks objective is to maximize returns by generating rapid production growth initially followed by steady production growth with strong margins and cash flow.

Pure Acquisition Corp. Names Michael L. Hollis as President

Retrieved on:

Monday, December 9, 2019

Marvel Comics characters, Diamondback Energy, Diamondback, Fictional characters

FORT WORTH, Texas, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), a special purpose acquisition company focused on oil and gas exploration and production, today announced that it has named Michael L. Hollis as President.

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FORT WORTH, Texas, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), a special purpose acquisition company focused on oil and gas exploration and production, today announced that it has named Michael L. Hollis as President.
Mr. Hollis is also expected to be named President of HighPeak Energy, Inc. (HighPeak) upon the consummation of Pures business combination, which is expected to close in the first quarter of 2020.
Mr. Hollis joins Pure most recently from Diamondback Energy, Inc. (Diamondback) (Nasdaq: FANG), a Permian focused oil and gas producer, where he served as President and Chief Operating Officer (COO) since 2017, COO since 2015 and Vice President of Drilling since 2011.
Mr. Hollis also served on the Board of Directors for Diamondback Energy, Inc. as well as on the Board of Directors for Viper Energy Partners LP.

Pure Acquisition Corp. Announces Business Combination Transaction

Retrieved on:

Wednesday, November 27, 2019

Partner Communications Company

FORT WORTH, Texas, Nov. 27, 2019 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has entered into a Business Combination Agreement (the HPK Business Combination Agreement) with, among others, HighPeak Energy, Inc. (HighPeak Energy), a wholly owned subsidiary of Pure formed to effect the business combination, and certain affiliates of HighPeak Energy Partners, LP (the HighPeak Funds), and a Contribution Agreement (the Grenadier Contribution Agreement and, together with the HPK Business Combination Agreement, the Business Combination Agreements) with, among others, HighPeak Energy and Grenadier Energy Partners II, LLC (Grenadier).

Key Points:

FORT WORTH, Texas, Nov. 27, 2019 (GLOBE NEWSWIRE) -- Pure Acquisition Corp. (Pure) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has entered into a Business Combination Agreement (the HPK Business Combination Agreement) with, among others, HighPeak Energy, Inc. (HighPeak Energy), a wholly owned subsidiary of Pure formed to effect the business combination, and certain affiliates of HighPeak Energy Partners, LP (the HighPeak Funds), and a Contribution Agreement (the Grenadier Contribution Agreement and, together with the HPK Business Combination Agreement, the Business Combination Agreements) with, among others, HighPeak Energy and Grenadier Energy Partners II, LLC (Grenadier).
The closing of the business combination is subject to the requisite approval of Pures stockholders and the satisfaction of customary conditions.
The description of the business combination contained herein is only a summary and is qualified in its entirety by reference to the Business Combination Agreements relating thereto.
An investor presentation covering additional information regarding the business combination will be filed by Pure in a current report on Form 8-K.