of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

Entry into a Material Definitive Agreement. Fourth Amendment to Credit Agreement On June 30, 2026, HighPeak Energy, Inc. (the “Company”), as borrower, Fifth Third Bank, National Association, as administrative agent, the guarantors party thereto and the lenders party thereto entered into that certain Fourth Amendment to Credit Agreement (the “Fourth Credit Agreement Amendment”), which upon effectiveness, amended that certain Credit Agreement, dated as of November 1, 2023 (as amended, restated,…

are qualified in their entirety by the full texts of the Fourth Credit Agreement Amendment and the Third Term Loan Amendment, each of which are filed as exhibits to this Current Report on Form 8-K.

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

Entry into a Material Definitive Agreement On May 6, 2026, HighPeak Energy, Inc., a Delaware corporation (the “Company”), entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC, as lead agent (the “Lead Agent”) and USCA Securities LLC (“USCA,” and together with the Lead Agent, the “Agents” and each, an “Agent”), pursuant to which the Company may offer and sell, from time to time, through or to the Agents, shares (“Placement Shares”) of common stock of the Compa…

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

Chief Executive Officer — Michael L. Hollis: Mr. Hollis was promoted from Interim Chief Executive Officer to permanent CEO.

Other Events Daniel Silver On November 4, 2025, the Board appointed Daniel Silver, the Company’s current Vice President Finance and a member of the Board, as Executive Vice President, effective immediately. Mr. Silver will serve until his death, disability, resignation or removal. Mr. Silver, age 42, has served as the Vice President Finance of the Company since August 2020, and was also appointed to the Board of Directors in September 2025. In addition to his finance role, he serves as the he…

CEO — Jack Hightower: Jack Hightower retired and resigned as CEO, with Michael L. Hollis named Interim Chief Executive Officer.

Changes in Control of Registrant. In connection with Jack Hightower’s retirement and resignation from employment with the Company and his resignation from the Board (as discussed herein), on September 15, 2025, HighPeak Pure Acquisition, LLC, HighPeak Energy, LP and HighPeak Energy II, LP (collectively, the “Principal Stockholder Group”) and Mr. Hightower have amended the governing documents of such entities comprising the Principal Stockholder Group to provide that each of the members of the…

The company adopted a new Change in Control Plan for certain employees.

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

Entry into a Material Definitive Agreement. Second Amendment to Credit Agreement On August 1, 2025, HighPeak Energy, Inc. (the “Company”), as borrower, Fifth Third Bank, National Association, as administrative agent, the guarantors party thereto and the lenders party thereto entered into that certain Second Amendment to Credit Agreement (the “Second Credit Agreement Amendment”), which upon effectiveness, amended that certain Credit Agreement, dated as of November 1, 2023 (as amended, restated…

are qualified in their entirety by the full texts of the Second Credit Agreement Amendment and the First Term Loan Amendment, each of which are filed as exhibits to this Current Report on Form 8-K.

Regulation FD Disclosure. On June 30, 2025, the Company issued a press release announcing that, subject to market and customary conditions, the Company intends to offer for sale $725 million in aggregate principal amount of Senior Notes due 2030 (the “Notes,” and such offering, the “Offering”) in a private offering to eligible purchasers that is exempt from registration under the Securities Act. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and inc…

Other Events. Offering Memorandum Excerpts On June 30, 2025, in connection with the Offering, the Company provided certain updated disclosures to potential investors, the relevant excerpts of which are set forth below. Our Strengths We possess several key advantages that we are confident will aid in the implementation of our business plan, including the following: Significant growth in production and proved reserves led by an experienced management team Our management team combines over 200 y…

of Form 8-K shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act or the Exchange Act unless specifi…

Results of Operations and Financial Condition. On May 12, 2025, HighPeak Energy, Inc. (the “Company”) issued an earnings release (the “Earnings Release”) announcing its financial and operating results for the first quarter ended March 31, 2025 and revised production guidance for 2025 and furnished the Earnings Release with a Current Report on Form 8-K (the “Initial 8-K”). The Earnings Release furnished with the Initial 8-K incorrectly presented the amount of Repayments under Term Loan Credit…

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

Regulation FD Disclosure. The Company issued a press release on February 18, 2025 announcing that its Board of Directors declared a quarterly dividend of $0.04 per share of common stock outstanding. The dividend will be paid on March 25, 2025 to stockholders of record as of the close of business on March 3, 2025. A copy of the press release is included as Exhibit 99.1 hereto and incorporated by reference. The information furnished pursuant to this

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

Results of Operations and Financial Condition. On August 6, 2024, HighPeak Energy, Inc. (the “Company”) posted an investor presentation on the Company’s website, www.highpeakenergy.com, on the Presentations page under the News & Events tab within the Investors tab. A copy of the investor presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Form 8-K”).

of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless specifically identified therein as being incorporated therein by reference.