SEC Form 4 · accession 0000899243-18-010437
Pure Acquisition Corp. · PACQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
HighPeak Pure Acquisition, LLC
10% Owner
Period of report
Apr 17, 2018
Accepted (ET)
Apr 19, 2018 · 5:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001726293
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement WarrantsF2,F3 | $11.50 | Apr 17, 2018 | P | 10,280,000 | A | — | — | Class A Common Stock | 10,280,000 | 10,280,000 | D |
Explanation of responses
- F1Upon closing of the initial public offering (the "Offering") of Pure Acquisition Corp. (the "Issuer"), HighPeak Pure Acquisition, LLC ("Acquisition") purchased 10,280,000 warrants to purchase Class A common stock at a price of $1.00 per warrant pursuant to a subscription agreement with the Issuer.
- F2The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or 12 months from the closing of the Issuer's Offering.
- F3The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's Offering.