Empire Petroleum Corp Files 8-K with Agreements and Equity Sales
Ticker: EP · Form: 8-K · Filed: May 31, 2024 · CIK: 887396
| Field | Detail |
|---|---|
| Company | Empire Petroleum CORP (EP) |
| Form Type | 8-K |
| Filed Date | May 31, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $5,000,000, $6.25, $95,277.78, $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, agreement-termination, equity-sale
TL;DR
Empire Petroleum Corp filed an 8-K detailing new agreements, terminated deals, and equity sales.
AI Summary
Empire Petroleum Corporation entered into a material definitive agreement on May 24, 2024, related to its business operations. The company also reported the termination of a material definitive agreement and unregistered sales of equity securities. The filing includes financial statements and exhibits.
Why It Matters
This filing indicates significant corporate actions, including new agreements, contract terminations, and equity transactions, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements, terminations, and unregistered equity sales, which can introduce financial and operational risks.
Key Players & Entities
- EMPIRE PETROLEUM CORP (company) — Registrant
- 0000887396 (company) — Central Index Key
- MAY 24, 2024 (date) — Date of earliest event reported
- 20240531 (date) — Filing Date
FAQ
What was the nature of the material definitive agreement entered into on May 24, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What was the reason for the termination of the material definitive agreement?
The filing states that a material definitive agreement was terminated, but the specific reasons for this termination are not detailed in the provided text.
What type of equity securities were sold in the unregistered sales?
The filing mentions unregistered sales of equity securities, but the specific type and details of these securities are not elaborated upon in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 24, 2024.
What is Empire Petroleum Corporation's fiscal year end?
Empire Petroleum Corporation's fiscal year ends on December 31st.
Filing Stats: 1,019 words · 4 min read · ~3 pages · Grade level 10.7 · Accepted 2024-05-31 16:11:25
Key Financial Figures
- $5,000,000 — te in the aggregate principal amount of $5,000,000 (the "Note"), due on February 15, 2026
- $6.25 — of the Company at a conversion price of $6.25 per share, at the option of Energy Evol
- $95,277.78 — gh the Conversion Date in the amount of $95,277.78 paid in cash by the Company. For a de
- $5.00 — of the Company at an exercise price of $5.00 per share to Energy Evolution (the "War
Filing Documents
- emp_8k-18849.htm (8-K) — 41KB
- exh4_18849.htm (EX-4) — 57KB
- 0001072613-24-000532.txt ( ) — 275KB
- ep-20240524.xsd (EX-101.SCH) — 3KB
- ep-20240524_lab.xml (EX-101.LAB) — 33KB
- ep-20240524_pre.xml (EX-101.PRE) — 22KB
- emp_8k-18849_htm.xml (XML) — 3KB
SIGNATURES
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: May 31, 2024 By: /s/ Michael R. Morrisett Michael R. Morrisett President and Chief Executive Officer 4