Pure Acquisition Corp. (Nasdaq: PACQ) is a blank-check company that completed its initial public offering in 2019, targeting acquisition opportunities in the upstream oil and gas sector with a focus on the Permian Basin. The SPAC was sponsored by HighPeak Energy Partners, a Fort Worth-based energy-focused investment firm. The 10-Q filing dated July 29, 2019 reflects the company's status as a search-stage vehicle actively evaluating potential business combination targets within the domestic energy industry. Pure Acquisition Corp. subsequently announced a definitive agreement to merge with HighPeak Energy assets, advancing it toward a completed transaction. Visit SpacDesk and sign up for full data, filings, and deal-stage analytics on PACQ and hundreds of other SPACs.