Pure Acquisition, a blank check company formed and led by oil and gas veteran Jack Hightower, filed on Thursday with the SEC for an initial public offering.
The Fort Worth, TX-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Pure Acquisition would command a market value of $375 million. Units consists of one share of Class A common stock and one half of one warrant exercisable at $11.50.
The Fort Worth, TX-based company was founded in 2017 and plans to list on the Nasdaq under the symbol PACQU. Pure Acquisition filed confidentially on January 5, 2018. Oppenheimer & Co. and EarlyBirdCapital are the joint bookrunners on the deal.
