HighPeak Pure Acquisition, LLC 4
4 · Pure Acquisition Corp. · Filed Apr 19, 2018
Insider Transaction Report
Form 4
HighPeak Pure Acquisition, LLC
10% Owner
Transactions
- Purchase
Private Placement Warrants
2018-04-17$1.00/sh+10,280,000$10,280,000→ 10,280,000 totalExercise: $11.50→ Class A Common Stock (10,280,000 underlying)
Footnotes (3)
- [F1]Upon 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.
- [F2]The 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.
- [F3]The 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.