HighPeak Energy Inc.

Commenced an underwritten public offering of 5 million shares of its common stock, par value $0.0001 per share. Underwriters expected to be granted a 30-day option to purchase up to an additional 750,000 shares of its common stock at the public offering price. Company proposed a maximum offering price per share of $10.74. Proceeds will be used to provide funding for general corporate purposes, which may include accelerating its drilling and development activities given the current price environment and funding further bolt-on acquisitions. Roth Capital Partners will serve as sole book-running manager. Northland Securities Inc. and Seaport Global Securities will serve as co-managers.