Blog: HIGHPEAK ENERGY, INC. : Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 2.02 Results of Operation and Financial Condition.

The information set forth under Item 7.01 regarding the preliminary operational
update for the fourth quarter of 2022, as disclosed in the investor presentation
attached as Exhibit 99.2 to this Current Report on Form 8-K, is incorporated by
reference as if fully set forth herein.

The information in this Item 2.02 is being furnished and shall not be deemed
“filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), or otherwise subject to liabilities of that
section, and is not incorporated by reference into any filing under the
Securities Act or 1933, as amended (the “Securities Act”), or the Exchange Act
unless specifically identified therein as being incorporated therein by
reference.

Item 7.01 Regulation FD Disclosure.

On January 23, 2023, HighPeak Energy, Inc. (the “Company”) issued a press
release announcing the intention of its Board of Directors to initiate a process
to evaluate certain strategic alternatives to maximize shareholder value,
including a potential sale of the Company. The Company has retained Credit
Suisse Securities (USA) LLC and Wells Fargo Securities LLC as financial advisors
and Vinson & Elkins L.L.P. as legal counsel to assist in the review process. The
Company also provided guidance for 2023 and 2024. A copy of the press release is
attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
into this Item 7.01 by reference.

In addition, on January 23, 2023, the Company posted an investor presentation on
its website, http://www.highpeakenergy.com, on the Presentations page under the News &
Events tab within the Investors tab. The presentation includes, among other
things, certain preliminary operational updates for the fourth quarter of 2022.
A copy of the investor presentation is attached as Exhibit 99.2 to this Current
Report on Form 8-K and is incorporated into this Item 7.01 by reference.

The information in this Item 7.01, including Exhibits 99.1 and 99.2, is being
furnished and shall not be deemed “filed” for purposes of Section 18 of the
Exchange Act or otherwise subject to liabilities of that section, and is not
incorporated by reference into any filing under the Securities Act or the
Exchange Act unless specifically identified therein as being incorporated
therein by reference.



Item 8.01 Other Events.



As discussed under Item 7.01, the Company announced, on January 23, 2023, the
intention of its Board of Directors to initiate a process to evaluate certain
strategic alternatives to maximize shareholder value, including a potential sale
of the Company. The Company has retained Credit Suisse Securities (USA) LLC and
Wells Fargo Securities LLC as financial advisors and Vinson & Elkins L.L.P. as
legal counsel to assist in the review process.

The Company has not set a timetable for the conclusion of this review, nor has
it made any decisions related to any further actions or potential strategic
alternatives at this time. There can be no assurance that the review will result
in any transaction or other strategic change or outcome. The Company does not
intend to comment further until it determines that further disclosure is
appropriate or necessary.

Item 9.01. Financial Statements and Exhibits.




  (d) Exhibits



Exhibit
  No.     Description

            Press Release dated January 23,
 99.1     2023.
            Investor Presentation dated
 99.2     January 2023
          Cover Page Interactive Data File
          (embedded within the Inline XBRL
  104     document)



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