AGÕæÈ˹ٷ½

STOCK TITAN

[8-K] Empire Petroleum Corporation Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Empire Petroleum (NYSE American: EP) filed an 8-K announcing the commencement of a $5.0 million registered rights offering, which includes $2.5 million to be raised immediately through unit subscriptions and another $2.5 million possible upon warrant exercise.

Shareholders of record on 10 July 2025 will receive one non-transferable subscription right per common share. Each right allows purchase of one unit at $5.30; every unit contains 0.0139 common shares and a warrant exercisable for 0.136 common shares. Rights must be exercised by 5:00 p.m. ET on 25 July 2025, while the warrants expire 90 days after the rights offering closes. An oversubscription privilege lets fully-participating holders acquire additional unsubscribed units on a pro-rata basis. No fractional shares will be issued.

Legal opinion (Exhibit 5.1), subscription documents (Exhibits 99.1-99.6) and a press release (Exhibit 99.7) accompany the filing. The company did not disclose specific use of proceeds beyond general corporate purposes.

Investor takeaways: (1) The raise bolsters near-term liquidity without incurring debt. (2) Full subscription and warrant exercise will increase share count, producing dilution for non-participating holders. (3) Non-transferable rights and a short exercise window could limit participation, magnifying dilution risk for passive investors.

Empire Petroleum (NYSE American: EP) ha depositato un modulo 8-K annunciando l'avvio di un offerta di diritti registrata da 5,0 milioni di dollari, che include 2,5 milioni di dollari da raccogliere immediatamente tramite sottoscrizione di unità e ulteriori 2,5 milioni di dollari possibili tramite esercizio dei warrant.

Gli azionisti registrati al 10 luglio 2025 riceveranno un diritto di sottoscrizione non trasferibile per ogni azione ordinaria posseduta. Ciascun diritto consente l'acquisto di un'unità a 5,30 dollari; ogni unità contiene 0,0139 azioni ordinarie e un warrant esercitabile per 0,136 azioni ordinarie. I diritti devono essere esercitati entro le 17:00 ET del 25 luglio 2025, mentre i warrant scadono 90 giorni dopo la chiusura dell'offerta di diritti. Un privilegio di sovraccarico permette ai sottoscrittori che partecipano pienamente di acquistare ulteriori unità non sottoscritte su base proporzionale. Non saranno emesse azioni frazionarie.

Alla documentazione sono allegati un parere legale (Esibizione 5.1), i documenti di sottoscrizione (Esibizioni 99.1-99.6) e un comunicato stampa (Esibizione 99.7). La società non ha specificato l'utilizzo dei proventi oltre a scopi aziendali generali.

Considerazioni per gli investitori: (1) La raccolta rafforza la liquidità a breve termine senza indebitamento. (2) La sottoscrizione completa e l'esercizio dei warrant aumenteranno il numero di azioni, causando diluizione per chi non partecipa. (3) Diritti non trasferibili e una finestra di esercizio breve potrebbero limitare la partecipazione, aumentando il rischio di diluizione per gli investitori passivi.

Empire Petroleum (NYSE American: EP) presentó un formulario 8-K anunciando el inicio de una oferta registrada de derechos por 5.0 millones de dólares, que incluye 2.5 millones de dólares a recaudar inmediatamente mediante suscripciones de unidades y otros 2.5 millones posibles mediante el ejercicio de warrants.

Los accionistas registrados al 10 de julio de 2025 recibirán un derecho de suscripción no transferible por cada acción común. Cada derecho permite la compra de una unidad a 5.30 dólares; cada unidad contiene 0.0139 acciones comunes y un warrant ejercitable por 0.136 acciones comunes. Los derechos deben ejercerse antes de las 5:00 p.m. ET del 25 de julio de 2025, mientras que los warrants expiran 90 días después del cierre de la oferta de derechos. Un privilegio de sobresuscripción permite a los titulares que participen plenamente adquirir unidades adicionales no suscritas en proporción prorrata. No se emitirán acciones fraccionarias.

La presentación incluye una opinión legal (Exhibición 5.1), documentos de suscripción (Exhibiciones 99.1-99.6) y un comunicado de prensa (Exhibición 99.7). La empresa no reveló un uso específico de los ingresos más allá de propósitos corporativos generales.

Aspectos clave para inversores: (1) La recaudación fortalece la liquidez a corto plazo sin incurrir en deuda. (2) La suscripción completa y el ejercicio de warrants aumentarán el número de acciones, causando dilución para los accionistas que no participen. (3) Derechos no transferibles y un corto período para ejercerlos podrían limitar la participación, aumentando el riesgo de dilución para inversores pasivos.

Empire Petroleum (NYSE American: EP)µç� 500ë§� 달러 규모ì� ë“±ë¡ ê¶Œë¦¬ 공모 개시ë¥� 알리µç� 8-Kë¥� 제출했으ë©�, ì� ì¤� 250ë§� 달러µç� 유닛 청약ì� 통해 즉시 조달하고 나머지 250ë§� 달러µç� 워런íŠ� 행사 ì‹� 조달í•� 예정입니ë‹�.

2025ë…� 7ì›� 10ì� 기준 ì£¼ì£¼ë“¤ì€ ë³´í†µì£� 1주당 ì–‘ë„ ë¶ˆê°€ëŠ¥í•œ 구ë…ê¶� 1개를 받게 ë©ë‹ˆë‹�. ê°� 구ë…ê¶Œì€ 5.30달러ì—� 1유닛 구매 권리ë¥� ë¶€ì—�하며, ê°� ìœ ë‹›ì€ 0.0139 보통주와 0.136 보통ì£� 행사 가능한 워런트를 í¬í•¨í•©ë‹ˆë‹�. 구ë…ê¶� 행사µç� 2025ë…� 7ì›� 25ì� 오후 5ì‹�(ë™ë¶€ì‹œê°„)까지 가능하ë©�, 워런트µç” 권리 공모 ë§ˆê° í›� 90ì¼ì— 만료ë©ë‹ˆë‹�. 초과 청약 특권ì� 통해 ì „ì•¡ 참여í•� ë³´ìœ ìžµç” ë¹„ì²­ì•� 유닛ì� 비례 ë°°ë¶„ ë°©ì‹ìœ¼ë¡œ 추가 ì·¨ë“í•� ìˆ� 있습니다. 소수 주ì‹ì€ 발행ë˜ì§€ 않습니다.

법률 ì˜ê²¬ì„�(전시ë¬� 5.1), 청약 서류(전시ë¬� 99.1-99.6), ë³´ë„ìžë£Œ(전시ë¬� 99.7)ê°€ 제출서류ì—� í¬í•¨ë˜ì–´ 있습니다. 회사µç� 수ìµê¸� 사용처를 ì¼ë°˜ 기업 ëª©ì  ì™¸ì— êµ¬ì²´ì ìœ¼ë¡� 공개하지 않았습니ë‹�.

투ìžìž� 유ì˜ì‚¬í•­: (1) ì´ë²ˆ ìžê¸ˆ ì¡°ë‹¬ì€ ë¶€ì±� ì—†ì´ ë‹¨ê¸° 유ë™ì„±ì„ 강화합니ë‹�. (2) ì „ì•¡ 청약 ë°� 워런íŠ� 행사 ì‹� ì£¼ì‹ ìˆ˜ê°€ ì¦ê°€í•� 참여하지 ì•Šì€ ì£¼ì£¼ì—게 í¬ì„ 효과가 ë°œìƒí•©ë‹ˆë‹�. (3) ì–‘ë„ ë¶ˆê°€ëŠ¥í•œ 권리와 ì§§ì€ í–‰ì‚¬ ê¸°ê°„ì€ ì°¸ì—¬ë¥� 제한í•� ìˆ� 있어, 수ë™ì � 투ìžìžì—ê²� í¬ì„ 위험ì� 키울 ìˆ� 있습니다.

Empire Petroleum (NYSE American : EP) a déposé un formulaire 8-K annonçant le lancement d'une offre d'actions avec droits enregistrée de 5,0 millions de dollars, comprenant 2,5 millions de dollars à lever immédiatement par souscription d'unités et 2,5 millions de dollars supplémentaires possibles via l'exercice de bons de souscription.

Les actionnaires inscrits au 10 juillet 2025 recevront un droit de souscription non transférable par action ordinaire détenue. Chaque droit permet l'achat d'une unité à 5,30 dollars ; chaque unité comprend 0,0139 action ordinaire et un bon de souscription exerçable pour 0,136 action ordinaire. Les droits doivent être exercés avant 17h00 ET le 25 juillet 2025, tandis que les bons expirent 90 jours après la clôture de l'offre. Un privilège de suscription supplémentaire permet aux détenteurs ayant pleinement participé d'acquérir des unités non souscrites supplémentaires au prorata. Aucune action fractionnaire ne sera émise.

Un avis juridique (Exhibit 5.1), les documents de souscription (Exhibits 99.1-99.6) et un communiqué de presse (Exhibit 99.7) accompagnent le dépôt. La société n'a pas précisé l'utilisation spécifique des fonds au-delà d'objectifs généraux d'entreprise.

Points clés pour les investisseurs : (1) Cette levée de fonds renforce la liquidité à court terme sans endettement. (2) La souscription complète et l'exercice des bons augmenteront le nombre d'actions, entraînant une dilution pour les détenteurs non participants. (3) Des droits non transférables et une courte période d'exercice pourraient limiter la participation, augmentant ainsi le risque de dilution pour les investisseurs passifs.

Empire Petroleum (NYSE American: EP) hat ein 8-K eingereicht, in dem der Beginn eines registrierten Bezugsrechtsangebots über 5,0 Millionen US-Dollar angekündigt wird. Davon sollen 2,5 Millionen US-Dollar sofort durch Zeichnung von Einheiten aufgebracht werden, weitere 2,5 Millionen US-Dollar sind durch Ausübung von Warrants möglich.

Aktionäre, die am 10. Juli 2025 eingetragen sind, erhalten für jede Stammaktie ein nicht übertragbares Bezugsrecht. Jedes Recht berechtigt zum Kauf einer Einheit zum Preis von 5,30 US-Dollar; jede Einheit enthält 0,0139 Stammaktien und einen Warrant, der zum Kauf von 0,136 Stammaktien berechtigt. Die Bezugsrechte müssen bis spätestens 25. Juli 2025, 17:00 Uhr ET ausgeübt werden, die Warrants verfallen 90 Tage nach Abschluss des Bezugsrechtsangebots. Ein ܲú±ð°ù²ú±ð³ú³Ü²µ²õ±¹´Ç°ù°ù±ð³¦³ó³Ù ermöglicht es voll zeichnenden Inhabern, zusätzliche nicht gezeichnete Einheiten anteilig zu erwerben. Bruchstücke von Aktien werden nicht ausgegeben.

Dem Antrag sind ein Rechtsgutachten (Anlage 5.1), Zeichnungsunterlagen (Anlagen 99.1-99.6) und eine Pressemitteilung (Anlage 99.7) beigefügt. Das Unternehmen gab keine spezifische Verwendung der Erlöse über allgemeine Unternehmenszwecke hinaus bekannt.

Wichtige Hinweise für Investoren: (1) Die Kapitalerhöhung stärkt die kurzfristige Liquidität ohne Verschuldung. (2) Vollständige Zeichnung und Ausübung der Warrants erhöhen die Aktienanzahl und führen zu einer Verwässerung für nicht teilnehmende Aktionäre. (3) Nicht übertragbare Rechte und ein kurzer Ausübungszeitraum könnten die Teilnahme einschränken und damit das Verwässerungsrisiko für passive Investoren erhöhen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: $5 m rights offering provides cash but modest dilution; net impact likely neutral given small size relative to float.

The transaction represents roughly a mid-single-digit percentage of Empire Petroleum’s market capitalisation, supplying inexpensive equity capital without additional leverage. Because every shareholder receives rights, the offer is shareholder-friendly, yet non-participating investors will face dilution from up to 0.1499 new shares per unit once warrants are exercised. Strong take-up would limit dilution, while low participation could leave the company short of funds. Overall liquidity improves, balance-sheet risk declines, and no covenants are added, balancing the dilution downside � hence a neutral outlook.

TL;DR: Dilutive equity raise flags funding need; non-transferable rights pressure holders, skewing risk–reward negatively.

The structure forces shareholders to supply fresh capital or accept dilution, suggesting limited alternative financing options. The unit’s minuscule initial share component (0.0139 shares) combined with a sizeable warrant (0.136 shares) heavily back-ends dilution into the next quarter. The rapid 15-day subscription and 90-day warrant windows create execution risk. Absent clear disclosure of proceeds deployment, the capital raise is a stop-gap rather than strategic growth funding. For portfolio construction, the potential dilution outweighs modest liquidity improvement, warranting a cautious stance.

Empire Petroleum (NYSE American: EP) ha depositato un modulo 8-K annunciando l'avvio di un offerta di diritti registrata da 5,0 milioni di dollari, che include 2,5 milioni di dollari da raccogliere immediatamente tramite sottoscrizione di unità e ulteriori 2,5 milioni di dollari possibili tramite esercizio dei warrant.

Gli azionisti registrati al 10 luglio 2025 riceveranno un diritto di sottoscrizione non trasferibile per ogni azione ordinaria posseduta. Ciascun diritto consente l'acquisto di un'unità a 5,30 dollari; ogni unità contiene 0,0139 azioni ordinarie e un warrant esercitabile per 0,136 azioni ordinarie. I diritti devono essere esercitati entro le 17:00 ET del 25 luglio 2025, mentre i warrant scadono 90 giorni dopo la chiusura dell'offerta di diritti. Un privilegio di sovraccarico permette ai sottoscrittori che partecipano pienamente di acquistare ulteriori unità non sottoscritte su base proporzionale. Non saranno emesse azioni frazionarie.

Alla documentazione sono allegati un parere legale (Esibizione 5.1), i documenti di sottoscrizione (Esibizioni 99.1-99.6) e un comunicato stampa (Esibizione 99.7). La società non ha specificato l'utilizzo dei proventi oltre a scopi aziendali generali.

Considerazioni per gli investitori: (1) La raccolta rafforza la liquidità a breve termine senza indebitamento. (2) La sottoscrizione completa e l'esercizio dei warrant aumenteranno il numero di azioni, causando diluizione per chi non partecipa. (3) Diritti non trasferibili e una finestra di esercizio breve potrebbero limitare la partecipazione, aumentando il rischio di diluizione per gli investitori passivi.

Empire Petroleum (NYSE American: EP) presentó un formulario 8-K anunciando el inicio de una oferta registrada de derechos por 5.0 millones de dólares, que incluye 2.5 millones de dólares a recaudar inmediatamente mediante suscripciones de unidades y otros 2.5 millones posibles mediante el ejercicio de warrants.

Los accionistas registrados al 10 de julio de 2025 recibirán un derecho de suscripción no transferible por cada acción común. Cada derecho permite la compra de una unidad a 5.30 dólares; cada unidad contiene 0.0139 acciones comunes y un warrant ejercitable por 0.136 acciones comunes. Los derechos deben ejercerse antes de las 5:00 p.m. ET del 25 de julio de 2025, mientras que los warrants expiran 90 días después del cierre de la oferta de derechos. Un privilegio de sobresuscripción permite a los titulares que participen plenamente adquirir unidades adicionales no suscritas en proporción prorrata. No se emitirán acciones fraccionarias.

La presentación incluye una opinión legal (Exhibición 5.1), documentos de suscripción (Exhibiciones 99.1-99.6) y un comunicado de prensa (Exhibición 99.7). La empresa no reveló un uso específico de los ingresos más allá de propósitos corporativos generales.

Aspectos clave para inversores: (1) La recaudación fortalece la liquidez a corto plazo sin incurrir en deuda. (2) La suscripción completa y el ejercicio de warrants aumentarán el número de acciones, causando dilución para los accionistas que no participen. (3) Derechos no transferibles y un corto período para ejercerlos podrían limitar la participación, aumentando el riesgo de dilución para inversores pasivos.

Empire Petroleum (NYSE American: EP)µç� 500ë§� 달러 규모ì� ë“±ë¡ ê¶Œë¦¬ 공모 개시ë¥� 알리µç� 8-Kë¥� 제출했으ë©�, ì� ì¤� 250ë§� 달러µç� 유닛 청약ì� 통해 즉시 조달하고 나머지 250ë§� 달러µç� 워런íŠ� 행사 ì‹� 조달í•� 예정입니ë‹�.

2025ë…� 7ì›� 10ì� 기준 ì£¼ì£¼ë“¤ì€ ë³´í†µì£� 1주당 ì–‘ë„ ë¶ˆê°€ëŠ¥í•œ 구ë…ê¶� 1개를 받게 ë©ë‹ˆë‹�. ê°� 구ë…ê¶Œì€ 5.30달러ì—� 1유닛 구매 권리ë¥� ë¶€ì—�하며, ê°� ìœ ë‹›ì€ 0.0139 보통주와 0.136 보통ì£� 행사 가능한 워런트를 í¬í•¨í•©ë‹ˆë‹�. 구ë…ê¶� 행사µç� 2025ë…� 7ì›� 25ì� 오후 5ì‹�(ë™ë¶€ì‹œê°„)까지 가능하ë©�, 워런트µç” 권리 공모 ë§ˆê° í›� 90ì¼ì— 만료ë©ë‹ˆë‹�. 초과 청약 특권ì� 통해 ì „ì•¡ 참여í•� ë³´ìœ ìžµç” ë¹„ì²­ì•� 유닛ì� 비례 ë°°ë¶„ ë°©ì‹ìœ¼ë¡œ 추가 ì·¨ë“í•� ìˆ� 있습니다. 소수 주ì‹ì€ 발행ë˜ì§€ 않습니다.

법률 ì˜ê²¬ì„�(전시ë¬� 5.1), 청약 서류(전시ë¬� 99.1-99.6), ë³´ë„ìžë£Œ(전시ë¬� 99.7)ê°€ 제출서류ì—� í¬í•¨ë˜ì–´ 있습니다. 회사µç� 수ìµê¸� 사용처를 ì¼ë°˜ 기업 ëª©ì  ì™¸ì— êµ¬ì²´ì ìœ¼ë¡� 공개하지 않았습니ë‹�.

투ìžìž� 유ì˜ì‚¬í•­: (1) ì´ë²ˆ ìžê¸ˆ ì¡°ë‹¬ì€ ë¶€ì±� ì—†ì´ ë‹¨ê¸° 유ë™ì„±ì„ 강화합니ë‹�. (2) ì „ì•¡ 청약 ë°� 워런íŠ� 행사 ì‹� ì£¼ì‹ ìˆ˜ê°€ ì¦ê°€í•� 참여하지 ì•Šì€ ì£¼ì£¼ì—게 í¬ì„ 효과가 ë°œìƒí•©ë‹ˆë‹�. (3) ì–‘ë„ ë¶ˆê°€ëŠ¥í•œ 권리와 ì§§ì€ í–‰ì‚¬ ê¸°ê°„ì€ ì°¸ì—¬ë¥� 제한í•� ìˆ� 있어, 수ë™ì � 투ìžìžì—ê²� í¬ì„ 위험ì� 키울 ìˆ� 있습니다.

Empire Petroleum (NYSE American : EP) a déposé un formulaire 8-K annonçant le lancement d'une offre d'actions avec droits enregistrée de 5,0 millions de dollars, comprenant 2,5 millions de dollars à lever immédiatement par souscription d'unités et 2,5 millions de dollars supplémentaires possibles via l'exercice de bons de souscription.

Les actionnaires inscrits au 10 juillet 2025 recevront un droit de souscription non transférable par action ordinaire détenue. Chaque droit permet l'achat d'une unité à 5,30 dollars ; chaque unité comprend 0,0139 action ordinaire et un bon de souscription exerçable pour 0,136 action ordinaire. Les droits doivent être exercés avant 17h00 ET le 25 juillet 2025, tandis que les bons expirent 90 jours après la clôture de l'offre. Un privilège de suscription supplémentaire permet aux détenteurs ayant pleinement participé d'acquérir des unités non souscrites supplémentaires au prorata. Aucune action fractionnaire ne sera émise.

Un avis juridique (Exhibit 5.1), les documents de souscription (Exhibits 99.1-99.6) et un communiqué de presse (Exhibit 99.7) accompagnent le dépôt. La société n'a pas précisé l'utilisation spécifique des fonds au-delà d'objectifs généraux d'entreprise.

Points clés pour les investisseurs : (1) Cette levée de fonds renforce la liquidité à court terme sans endettement. (2) La souscription complète et l'exercice des bons augmenteront le nombre d'actions, entraînant une dilution pour les détenteurs non participants. (3) Des droits non transférables et une courte période d'exercice pourraient limiter la participation, augmentant ainsi le risque de dilution pour les investisseurs passifs.

Empire Petroleum (NYSE American: EP) hat ein 8-K eingereicht, in dem der Beginn eines registrierten Bezugsrechtsangebots über 5,0 Millionen US-Dollar angekündigt wird. Davon sollen 2,5 Millionen US-Dollar sofort durch Zeichnung von Einheiten aufgebracht werden, weitere 2,5 Millionen US-Dollar sind durch Ausübung von Warrants möglich.

Aktionäre, die am 10. Juli 2025 eingetragen sind, erhalten für jede Stammaktie ein nicht übertragbares Bezugsrecht. Jedes Recht berechtigt zum Kauf einer Einheit zum Preis von 5,30 US-Dollar; jede Einheit enthält 0,0139 Stammaktien und einen Warrant, der zum Kauf von 0,136 Stammaktien berechtigt. Die Bezugsrechte müssen bis spätestens 25. Juli 2025, 17:00 Uhr ET ausgeübt werden, die Warrants verfallen 90 Tage nach Abschluss des Bezugsrechtsangebots. Ein ܲú±ð°ù²ú±ð³ú³Ü²µ²õ±¹´Ç°ù°ù±ð³¦³ó³Ù ermöglicht es voll zeichnenden Inhabern, zusätzliche nicht gezeichnete Einheiten anteilig zu erwerben. Bruchstücke von Aktien werden nicht ausgegeben.

Dem Antrag sind ein Rechtsgutachten (Anlage 5.1), Zeichnungsunterlagen (Anlagen 99.1-99.6) und eine Pressemitteilung (Anlage 99.7) beigefügt. Das Unternehmen gab keine spezifische Verwendung der Erlöse über allgemeine Unternehmenszwecke hinaus bekannt.

Wichtige Hinweise für Investoren: (1) Die Kapitalerhöhung stärkt die kurzfristige Liquidität ohne Verschuldung. (2) Vollständige Zeichnung und Ausübung der Warrants erhöhen die Aktienanzahl und führen zu einer Verwässerung für nicht teilnehmende Aktionäre. (3) Nicht übertragbare Rechte und ein kurzer Ausübungszeitraum könnten die Teilnahme einschränken und damit das Verwässerungsrisiko für passive Investoren erhöhen.

false 0000887396 0000887396 2025-07-10 2025-07-10 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

_________________

 

FORM 8-K

_________________

Current Report

Pursuant To Section 13 or 15 (d) of the Securities Exchange Act of 1934

 

 

Date of Report (date of earliest event reported):

 

 

JULY 10, 2025

_______________________________

EMPIRE PETROLEUM CORPORATION

(Exact name of registrant as specified in its charter)

_______________________________

 

Delaware 001-16653 73-1238709
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)

 

2200 S. Utica Place, Suite 150, Tulsa, Oklahoma   74114

(Address of Principal Executive Offices)       (Zip Code)

 

Registrant’s telephone number, including area code:   (539)444-8002

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock $.001 par value

EP

NYSE American

  

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 8.01Other Events.

On July 10, 2025, Empire Petroleum Corporation (the “Company”) announced the launch of a $5.0 million registered rights offering, including $2.5 million to be received upon exercise of warrants. Under the terms of the rights offering, the Company will grant, at no charge, to each stockholder as of the close of business on the record date of July 10, 2025, one non-transferable subscription right for each whole share of common stock owned by that stockholder on the record date. Each subscription right will entitle a rights holder to purchase one unit at a subscription price equal to $5.30 per whole share (subject to rounding down to avoid the issuance of fractional shares), each unit consisting of 0.0139 shares of the Company’s common stock and one warrant exercisable for 0.136 shares of the Company’s common stock. The rights offering will also include an oversubscription privilege, which will entitle stockholders who fully exercise their subscription rights the right to purchase at the same exercise price additional units in the rights offering that other stockholders do not purchase, subject to availability and pro-rata allocation of units among rights holders exercising such oversubscription privilege. No fractional shares of common stock will be issued in the rights offering, including upon exercise of the warrants. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on July 25, 2025 (unless extended). The warrants will expire 90 days after the expiration date of the rights offering. More details of the rights offering are set forth in a prospectus supplement dated and filed with the U.S. Securities and Exchange Commission on July 10, 2025.

 

Certain documents related to the rights offering are filed as Exhibits 99.1 through 99.6 hereto. In addition, on July 10, 2025, the Company issued a press release announcing the commencement of the rights offering. A copy of the press release is filed as Exhibit 99.7 hereto.

 

This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

 

 

 

 

 

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.
   
The following exhibits are filed or furnished herewith.

Exhibit

Number

 

 

Description

5.1

 

Opinion of Porter Hedges LLP
99.1

Form of Rights Certificate

 

99.2

Form of Rights Warrant Certificate

 

99.3

Form of Letter to Stockholders who are Record Holders

 

99.4

Form of Letter to Stockholders who are Nominee Holders

 

99.5

Form of Letter to Clients of Stockholders who are Nominee Holders

 

99.6

Form of Beneficial Owner Election Form

 

99.7

Press release dated July 10, 2025

 

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

2

 

  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

EMPIRE PETROLEUM CORPORATION

 

 

 

 
Date:    July 10, 2025 By:  /s/ Michael R. Morrisett  
 

Michael R. Morrisett

President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

Empire Petroleum

NYSE:EP

EP Rankings

EP Latest News

EP Latest SEC Filings

EP Stock Data

181.75M
14.35M
56.99%
10.24%
3.85%
Oil & Gas E&P
Natural Gas Transmission
United States
HOUSTON