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Pure Acquisition Corp.

Company Summary

Description

Pure Acquisition Corp. is a newly organized blank check company formed under the laws of the State of Delaware for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Pure intends to focus its search on businesses in the energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America where its management team’s networks and experience are suited although its efforts to identify a prospective target business will not be limited to a particular industry or geographic region. Pure is led by and will seek to capitalize on the operating and investing experience and network of relationships of Jack D. Hightower, its Chairman and Chief Executive Officer.

Financial Data:

NASDAQ:PACQU from Google Finance

Tickers:

  • PACQU - NASDAQ

Related Entities

Recent news

  • 2/9/2021 - HighPeak Energy Reports... (subscriber access)
  • 8/24/2020 - Pure Acquisition Corp. &... (subscriber access)
  • 7/27/2020 - Pure Acquisition Corp.... (subscriber access)
  • 1/23/2020 - Pure Acquisition Corp.... (subscriber access)
  • 1/23/2020 - Pure Acquisition Corp.... (subscriber access)

Company Transactions

Date: 8/15/2020
Type: Acquisition

BUYERS:
  • Pure Acquisition Corp.
    • SELLERS:
  • HighPeak Energy Partners, LP
    • DETAILS:
    NOTES:
    Pure Acquisition Corp, an oil & gas focused SPAC, has closed on their amended combination agreement with HighPeak Energy. Every Pure Acquisition shareholder who participates in the deal will receive one share of HighPeak stock in addition to a cash payment equal to approx. $0.63/share, one contingent value right to exchange for each share of Pure Class A common stock and one full warrant to purchase HighPeak stock at $11.50/share. Final losing is targeted for the third quarter of 2020.
    REGIONS:
  • Permian Basin