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Pure Acquisition Corp.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 10, 2020. Its latest SEC filing is a SC 13G/A from Feb 12, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Seeks a business combination with an energy company, focused on upstream oil and gas in North America.

How Did They Make Money?

No revenue was reported.

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
vs $0 in Q2 FY2019
Net income
▼ Now a loss
vs $2M in Q2 FY2019
  • Jul 29, 2020 Amendment adds warrants and changes closing conditions The amendment adds one warrant per share for Class A holders and raises minimum equity capitalization from $50 million to $100 million.
  • Jul 27, 2020 Merger consideration is announced Pure announced the merger consideration for its proposed business combination with HighPeak Energy.
  • Jul 2, 2020 Amendment adds contingent value rights to merger consideration The amendment provides one contingent value right for each HighPeak Energy share issued as merger consideration to Class A holders.
  • May 4, 2020 Pure agrees to merge with HighPeak Energy The agreement provides for Pure to become a wholly owned subsidiary of HighPeak Energy as the parties combine their businesses.

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