HNR Received Audit Opinion with Going Concern Explanation

HNR Acquisition Corp (NYSE American: HNRA) (“HNR Acquisition” or the “Company”) announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2021, which was filed on April 15, 2022, with the Securities and Exchange Commission (the “Annual Report”), the audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. See further discussion in footnote 1 to the Company’s financial statements included in the Annual Report. This announcement is made pursuant to NYSE American LLC Company Guide Section 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company’s financial statements or to its Annual Report. 

About HNR Acquisition Corp 

HNR Acquisition Corp is a newly organized blank check company incorporated on December 9, 2020, as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region. While the Company may pursue an acquisition opportunity in any industry or sector, it intends to focus on assets used in exploring, developing, producing, transporting, storing, gathering, processing, fractionating, refining, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products in North America. For more information about HNR Acquisition Corp, please visit the Company’s website at www.hnra-nyse.com. 

Forward-Looking Statements 

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include but are not limited to those described in the Company’s Annual Report and other filings with the U.S. Securities and Exchange Commission. All information set forth in this press release is as of the date hereof. You should consider these factors in evaluating the forward-looking statements included in this press release and not place undue reliance on such statements. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments, or otherwise, should circumstances change, except as otherwise required by law. 

HNR Acquisition Corp 

Corporate Contact:
David M. Smith (713) 834-1145 

General Counsel 
DMSmith@hnra-nyse.com 

Source: HNR Acquisition Corp