SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Merger of Pure Acquisition Corp. with HighPeak Energy, Inc. is Fair to PACQ Shareholders

New York, New York--(Newsfile Corp. - May 26, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Pure Acquisition Corp. PACQ ("Pure" or the "Company") stock prior to November 27, 2019.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Pure with its wholly owned subsidiary, HighPeak Energy, Inc. ("HighPeak Energy"). Under the terms of the merger, a wholly owned subsidiary of HighPeak Energy will merge with and into Pure, with Pure surviving as a wholly owned subsidiary of HighPeak Energy and Pure's existing stockholders receiving one share of common stock of HighPeak Energy for each share of Pure's common stock owned thereby. To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/pure-acquisition-corp-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Pure merger investigation concerns whether the Board of Pure has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56566