According to the Complaint, Jagged Peak Energy Inc. ("Jagged") is an oil and natural gas company. The Company focuses on the acquisition and development of unconventional oil and associated natural gas reserves in the Delaware Basin, a sub-basin of the Permian Basin of West Texas.

On or around January 27, 2017, Jagged conducted the Offering, selling 31,599,334 shares at a price to the public of $15.00 per share. The Complaint alleges in violation of the Securities Act, Defendants negligently issued untrue statements of material facts and omitted to state material facts required to be stated in the Registration Statement and incorporated Offering Materials that the Company filed with the SEC in support of the Offering.

This case was administratively closed on October 18, 2017. On April 10, 2018, the case was reopened and remanded to the State Court in Denver County in the State of Colorado.