HighPeak Energy: Ownership Filing Amendment

TL;DR

Hightower filed an update on HighPeak Energy stock. Ownership details TBD.

AI Summary

Jack Hightower, through HighPeak Energy Partners II, LP and HighPeak Energy Partners, LP, has amended their Schedule 13D filing for HighPeak Energy, Inc. on August 29, 2024. The filing indicates a change in the beneficial ownership of the company's common stock. The specific details of the change in ownership percentage or the exact number of shares are not provided in this excerpt.

Why It Matters

Amendments to Schedule 13D filings signal potential shifts in control or significant investment activity by major shareholders, which can influence stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stakes, and amendments can signal changes in strategy or control, impacting the company's future direction.

Key Players & Entities

• HighPeak Energy, Inc. (company) — Subject Company
• Jack Hightower (person) — Filing Person
• HighPeak Energy Partners II, LP (company) — Filing Group Member
• HighPeak Energy Partners, LP (company) — Filing Group Member
• HighPeak Pure Acquisition, LLC (company) — Filing Group Member

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 (Title of Class of Securities) 43114
• $21.94 — ple transactions at prices ranging from $21.94 to $22.00, inclusive. The weighted aver
• $22 — ctions at prices ranging from $21.94 to $22.00, inclusive. The weighted average pri
• $21 — he weighted average price per share was $21.98, and the aggregate cash consideratio
• $321,000 — te cash consideration was approximately $321,000 with a combination of personal and borr
• $21.67 — ple transactions at prices ranging from $21.67 to $22.00, inclusive. The weighted aver
• $775,000 — te cash consideration was approximately $775,000 with a combination of personal and borr
• $2,894,000 — te cash consideration was approximately $2,894,000 with a combination of personal and borr
• $10.50 — f Common Stock at the purchase price of $10.50 per share with a combination of persona
• $16.36 — ple transactions at prices ranging from $16.36 to $16.75, inclusive. The weighted aver
• $16 — ctions at prices ranging from $16.36 to $16.75, inclusive. The weighted average pri
• $3.7 million — te cash consideration was approximately $3.7 million with a combination of personal and borr
• $16.32 — ple transactions at prices ranging from $16.32 to $16.60, inclusive. The weighted aver
• $4.6 million — te cash consideration was approximately $4.6 million with a combination of personal and borr
• $14.14 — ple transactions at prices ranging from $14.14 to $14.20, inclusive. The weighted aver

Filing Documents

• highd20240829_sc13da.htm (SC 13D/A) — 88KB
• 0001437749-24-028076.txt ( ) — 90KB

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION This Amendment amends and supplements Item 3 of the Schedule 13D to disclose the following: On December 21, 2022, Mr. Hightower purchased 14,601 shares of Common Stock on the open market in multiple transactions at prices ranging from $21.94 to $22.00, inclusive. The weighted average price per share was $21.98, and the aggregate cash consideration was approximately $321,000 with a combination of personal and borrowed funds. On December 22, 2022, Mr. Hightower purchased 35,399 shares of Common Stock on the open market in multiple transactions at prices ranging from $21.67 to $22.00, inclusive. The weighted average price per share was $21.88, and the aggregate cash consideration was approximately $775,000 with a combination of personal and borrowed funds. On January 4, 2023, Mr. Hightower purchased 131,539 shares of Common Stock on the open market in multiple transactions at a price of $22 per share. The aggregate cash consideration was approximately $2,894,000 with a combination of personal and borrowed funds. On July 21, 2023, the Company closed an underwritten offering of 14,835,000 shares of Common Stock (the "July 2023 Offering"). In connection with the July 2023 Offering, Mr. Hightower purchased 952,380 shares of Common Stock at the purchase price of $10.50 per share with a combination of personal and borrowed funds. The Company intends to use the net proceeds from the July 2023 Offering for working capital, including a portion of the currently due accounts discussed in the final prospectus supplement filed with the U.S. Securities and Exchange Commission on July 21, 2023, and to otherwise enhance near-term liquidity. On September 19, 2023, Mr. Hightower purchased 224,001 shares of Common Stock on the open market in multiple transactions at prices ranging from $16.36 to $16.75, inclusive. The weighted average price per share was $16.59, and the aggregate cash consideration was approximately $3.7 mi

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: August 29, 2024 By: /s/ Jack Hightower Name: Jack Hightower HIGHPEAK ENERGY PARTNERS, LP By: HighPeak Energy Partners GP, LP its general partner By: HighPeak GP, LLC its general partner By: /s/ Jack Hightower Name: Jack Hightower Title: Chief Executive Officer HIGHPEAK ENERGY PARTNERS II, LP By: HighPeak Energy Partners GP II, LP its general partner By: HighPeak GP II, LLC its general partner By: /s/ Jack Hightower Name: Jack Hightower Title: Chief Executive Officer HIGHPEAK PURE ACQUISITION, LLC By: /s/ Jack Hightower Name: Jack Hightower Title: Chief Executive Officer

View Full Filing

View this SC 13D/A filing on SEC EDGAR