HighPeak Energy, Inc. entered into an underwriting agreement with Roth Capital Partners, LLC for the offering of 12,900,000 shares of common stock. An additional 1,935,000 shares were also granted to the underwriter as a 30-day option, which was fully exercised on July 20, 2023. Several existing stockholders bought around 10 million shares in the offering at public offering price per share. The offering was made for working capital and to increase near-term liquidity, raising approximately $151.2 million.