HighPeak Energy, Inc. has commenced an underwritten public offering of shares of its common stock. In relation with this, the company entered into a Ninth Amendment to the Credit Agreement, which includes provisions such as the waiver of the minimum current ratio covenant for the fiscal quarter ended June 30, 2023 and the postponement of the date for the retirement of the 10.000% Senior Notes due in February 2024. The company also released its preliminary financial and operational results for Q2 2023, estimating a rise in production and EBITDAX. It anticipates net proceeds of approximately $95 million from the sales of its equity securities. The company is also considering multiple prospective financing arrangements to refinance its Existing Notes.