Latest Blank'Check Company Completes Upsized $414 Million IPO

摘要

PURE ACQUISITION CORP. closed its IPO April 18, raising proceeds of $414 million earmarked for a veteran team of oil and gas deal makers. Based in Fort Worth, Texas, Pure Acquisition is a special purpose acquisition company (SPAC), or blank-check company. The company is sponsored by an affiliate of HighPeak Energy Partners LP and led by Jack D. Hightower. With more than 47 years of experience in the oil and gas industry, High-tower is the latest industry veteran to take the helm of a blank-check company.