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HighPeak Energy Sells 450,000 Series A 6% Perpetual Convertible Preferred Shares to Strategic Investors
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HighPeak Energy entered into two Securities Purchase Agreements to issue an aggregate 450,000 shares of Series A 6.0% Perpetual Convertible Preferred Stock, split between Danantara Energy International (250,000 shares) and Tunas Harapan Perkasa (200,000 shares). The preferred shares carry stepped dividend rates (cash or PIK), a $1,000 per-share liquidation preference, and are convertible into common stock at an initial $9.50 per share, subject to adjustments. The…