6 Nov 2020director interest notice● Neutral
HighPeak Energy, Inc. director Michael H. Gustin received 12,500 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Nov 2020director interest notice● Neutral
HighPeak Energy, Inc. director Sharon F. Fulgham received 12,500 shares as part of the equity award.
22 Oct 2020securities registration● Neutral
HighPeak Energy, Inc. amended a filing by which it registered a securities offering with the SEC.
1 Oct 2020auditor change● Neutral
On October 1, 2020 the audit committee dismissed WithumSmith+Brown, the auditor since the company's October 2019 inception, and hired Weaver and Tidwell, L.L.P. Weaver had previously audited HPK Energy, LP (the predecessor business), HighPeak I and HighPeak II. The filing says there were no disagreements or reportable events with Withum; its May 2020 report was not adverse, apart from a going-concern note tied to Pure's deadline to complete a deal by August 21, 2020.
18 Sept 2020securities registration● Neutral
HighPeak Energy, Inc. registered a securities offering with the SEC.
2 Sept 2020substantial holder notice● Neutral
John Paul DeJoria, as trustee of the John Paul DeJoria Family Trust, and in his disclosed a new substantial HighPeak Energy, Inc. shareholding (11.33% of votes).
2 Sept 2020director interest notice● Neutral
John Paul Dejoria became a HighPeak Energy, Inc. 10%+ owner and company insider (initial ownership filing).
1 Sept 2020director interest notice● Neutral
HighPeak Energy, Inc. President Michael L. Hollis bought 8,386 shares on the open market.
31 Aug 2020director interest notice● Neutral
Keith Covington became a HighPeak Energy, Inc. director and company insider (initial ownership filing).
31 Aug 2020director interest notice● Neutral
Sharon F. Fulgham became a HighPeak Energy, Inc. director and company insider (initial ownership filing).
31 Aug 2020director interest notice● Neutral
Michael H. Gustin became a HighPeak Energy, Inc. director and company insider (initial ownership filing).
31 Aug 2020substantial holder notice● Neutral
S Jack Hightower, S HighPeak Energy Partners, LP, S HighPeak Energy Partners II, LP, S HighPeak Pure Acquisition, LLC, S HighPeak Energy III, LP disclosed a new substantial HighPeak Energy, Inc. shareholding (90.10% of votes).
31 Aug 2020director interest notice● Neutral
Larry Oldham became a HighPeak Energy, Inc. director and company insider (initial ownership filing).
31 Aug 2020director interest notice● Neutral
Jay M. Chernosky became a HighPeak Energy, Inc. director and company insider (initial ownership filing).
28 Aug 2020securities registration● Neutral
HighPeak Energy, Inc. filed the final prospectus for a registered offering.
27 Aug 2020business combination● NeutralMajor
The merger with Pure Acquisition Corp. closed on August 21, 2020, making HighPeak Energy the listed company (Nasdaq: HPK, warrants HPKEW). Pure Class A holders who stayed in received one HighPeak share, $0.62 in cash, one CVR and one warrant per share. HPK Energy, LP's owners contributed their interests for 76,383,054 shares, the sponsor loans were cancelled, and 8,976,875 shares, warrants and CVRs went to forward purchase investors. After closing there were 91,592,354 shares, 10,538,188 warrants and 10,209,300 CVRs outstanding. Only 1,232,425 shares went to Pure Class A holders, so very few public holders took the deal rather than redeeming (inference from those figures). This resolves the long-running merger and sponsor-loan threads.
26 Aug 2020director interest notice● Neutral
Jack Hightower became a HighPeak Energy, Inc. Chief Executive Officer and company insider (initial ownership filing).
26 Aug 2020director interest notice● Neutral
Steven W Tholen became a HighPeak Energy, Inc. Chief Financial Officer and company insider (initial ownership filing).
26 Aug 2020director interest notice● Neutral
HighPeak Energy, Inc. Chief Operating Officer Rodney L Woodard received a stock option grant for 650,000 shares.
26 Aug 2020director interest notice● Neutral
Michael L. Hollis became a HighPeak Energy, Inc. President and company insider (initial ownership filing).
26 Aug 2020director interest notice● Neutral
HighPeak Energy, Inc. Chief Executive Officer Jack Hightower received a stock option grant for 5,953,495 shares.
26 Aug 2020director interest notice● Neutral
Rodney L Woodard became a HighPeak Energy, Inc. Chief Operating Officer and company insider (initial ownership filing).
26 Aug 2020director interest notice● Neutral
HighPeak Energy, Inc. President Michael L. Hollis received a stock option grant for 1,250,000 shares.
26 Aug 2020director interest notice● Neutral
HighPeak Energy, Inc. Chief Financial Officer Steven W Tholen received a stock option grant for 200,000 shares.
21 Aug 2020listing compliance notice▲ GoodMajor
the exchange certified HighPeak Energy, Inc.'s securities for listing, clearing them to begin trading.
7 Aug 2020securities registration● Neutral
HighPeak Energy, Inc. filed a prospectus supplement for an offering off its existing shelf.
5 Aug 2020business combination● Neutral
Amendment No. 6 keeps the same registered amounts as Amendment No. 5 (49,976,358 securities in total, 5,811,000 forward purchase shares). It restructures the prospectus into merger consideration (up to 26,005,983 shares, 5,341,517 warrants and 5,012,629 CVRs) and a separate resale section for the forward purchase investors. No new deal terms appear in the text provided, and the deal is still pending.
3 Aug 2020business combination● NeutralMajor
Amendment No. 5 enlarges the forward purchase part of the deal from 5,000,000 to 5,811,000 shares, with matching CVRs and warrants, under an Amended and Restated Forward Purchase Agreement dated July 24, 2020. Total registered securities rise to 49,976,358 and CVR settlement shares to 23,000,212. It also adds a resale prospectus for the forward purchase investors, who can sell up to 23,970,375 shares. This is more potential dilution and the deal is still pending.
27 July 2020business combination● NeutralMajor
Amendment No. 4 to the merger registration statement now registers about 46.6 million securities in total, up from the roughly 10.0 million in the prior amendment. The increase includes 5,000,000 shares (plus matching CVRs and warrants) tied to an amended Forward Purchase Agreement, and the settlement shares for the CVRs rise to 21,276,837. The 10,012,629 merger shares are unchanged and the Pure vote date is still blank. This adds possible dilution for existing holders and the deal is still not effective.
2 July 2020business combination● NeutralMajor
Amendment No. 3 amends the May 4, 2020 agreement so Pure Class A holders would also get a Public CVR (contingent value right) for each new share. It is meant to top up to a 10% simple annual return, with a $4.00 per-share floor, measured two to 30 months after closing. The registration now covers about 10.0 million shares, up to 10,651,837 shares for CVR settlement and 328,888 warrants, far fewer than the first filing, which fits the shrunken public holder base though the filing excerpt does not state why. This adds possible future dilution for existing shareholders.