HighPeak Energy, Inc. [HPK] - Convertible Preferred Issuance
HighPeak Energy, Inc. is issuing Series A Preferred Stock with a liquidation preference of $1,000 per share, offering a dividend rate of 6.0% per annum in cash or 7.5% in kind for the first two years, increasing to 10.0% thereafter, with an initial conversion price of $9.50 per share.
Why this matters
Generating analysis…