Item 8.01 Other Events.

Additional Information and Where to Find It

In connection with the approval of the Amendment, the Company intends to file a proxy statement with the SEC, the definitive version of which (the "Definitive Proxy Statement") will be sent or provided to the Company's stockholders (the "Stockholders"). The Company may also file other documents with the SEC regarding the Amendment. This document is not a substitute for the Definitive Proxy Statement or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND DOCUMENTS INCORPORATED BY REFERENCE THEREIN, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE AMENDMENT AND RELATED MATTERS.

Investors and Stockholders may obtain a free copy of any proxy statement (when available) and other documents filed by the Company with the SEC on the SEC's website at https://www.sec.gov and on the Company's Investor Relations website at http://www.abraxaspetroleum.com/invest-sec-filings.aspx.

Participants in the Solicitation of Proxies

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Stockholders in connection with the approval of the Amendment. Information regarding the Company's directors and executive officers, including a description of their direct interests, by security holdings or otherwise, will be contained in the Definitive Proxy Statement (when available). Stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the approval of the Amendment, including the interests of the Company's directors and executive officers in the proposed transaction, which may be different than those of the Stockholders generally, by reading the Definitive Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the proposed transaction. These documents can be obtained free of charge as described in the preceding paragraph.

No Offer or Solicitation

This Amended 8-K shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed Amendment, or an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Cautionary Note Regarding Forward-Looking Statements

This Amended 8-K and the Original 8-K may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the Exchange contemplated by the Exchange Agreement and the proposed Amendment to the Company's Articles of Incorporation, as amended. Whenever you read a statement that is not simply a statement of historical fact (such as statements including words like "believe," "expect," "anticipate," "intend," "will," "plan," "seek," "may," "estimate," "could," "potentially" or similar expressions), you must remember that these are forward-looking statements, and that the Company's expectations may not be correct, even though the Company believes they are reasonable. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this Amended 8­K and the Original 8-K, including, among others, the following: (i) the risk that the Company could fail to satisfy the conditions to the consummation of the Exchange contemplated by the Exchange Agreement, including the adoption of the Amendment by the Company's Stockholders; (ii) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Exchange Agreement; (iii) the outcome of any legal proceedings that may be instituted against the Company related to the Exchange Agreement or related matters; (iv) the effect of the announcement or pendency of the Exchange or the proposed Amendment on the Company's business relationships, operating results, or performance; (v) changes in the capital structure of the Company following the consummation of the Exchange; (vi) changes in the competitive industries and markets in which the Company operates or plans to operate; and (vii) current and future conditions in the global economy and their impact on the Company, its business, and the markets in which it operates. The forward-looking statements contained in this Amended 8-K and the Original 8-K are also subject to additional risks, uncertainties, and factors, including those described in the Company's most recent Quarterly Report on Form 10­Q, filed with the SEC on August 12, 2022, and other documents filed or to be filed with the SEC by the Company. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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