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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.
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.
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