Highpeak Energy Inc (HPK)

High Peak Energy shares soard 8.11% today related to the financing update. The company is currently evaluating multiple prospective financing arrangements to refinance its Senior Notes and enhance liquidity. Despite its refinancing efforts, it no longer anticipates consummating the conditional redemption of its Existing Notes on June 30, 2023 as contemplated. Hence, this leads to a postponement of the date on which the Company was previously obligated thereunder relating to February Notes until July 31, 2023. In addition, the Company is in discussions with the lenders under its Credit Facility regarding an anticipated increase of the Company’s elected commitments accommodation of additional covenant waivers and extensions.

https://finance.yahoo.com/news/highpeak-energy-inc-announces-financing-202900859.html