Mulacek Amends Empire Petroleum Stake Filing
Ticker: EP · Form: SC 13D/A · Filed: Jun 28, 2024 · CIK: 887396
| Field | Detail |
|---|---|
| Company | Empire Petroleum CORP (EP) |
| Form Type | SC 13D/A |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.001, $0.80, $1.00, $0.40, $0.564 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13d-filing, beneficial-ownership, amendment
TL;DR
Mulacek filed an update on his Empire Petroleum stake. Watch for more details.
AI Summary
Phil Mulacek, through a filing on June 28, 2024, amended his Schedule 13D for Empire Petroleum Corporation. This amendment indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in the provided text. The filing relates to common stock of Empire Petroleum Corporation.
Why It Matters
Changes in beneficial ownership filings like this can signal shifts in major shareholder intentions or influence, potentially impacting the stock's future performance.
Risk Assessment
Risk Level: medium — Amendments to 13D filings often precede significant corporate actions or shifts in control, introducing uncertainty.
Key Players & Entities
- Mulacek Phil E (person) — Filing Person
- Empire Petroleum Corporation (company) — Subject Company
- Philippe E. Mulacek (person) — Person Authorized to Receive Notices
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The provided text is an amendment to a Schedule 13D and indicates a change in beneficial ownership, but does not specify the exact nature or extent of the changes in holdings or dollar amounts.
When was the original event that required the filing of this statement?
The date of the event which requires filing of this statement was November 29, 2023.
What is the CUSIP number for Empire Petroleum Corporation's common stock?
The CUSIP number for Empire Petroleum Corporation's common stock is 292034 30 3.
Who is authorized to receive notices and communications regarding this filing?
Philippe E. Mulacek is the person authorized to receive notices and communications, with an address at 25025 Interstate 45, STE 420, The Woodlands, TX 77380.
What is the business address and phone number for Empire Petroleum Corporation?
The business address for Empire Petroleum Corporation is 2200 S. Utica Place, Suite 150, Tulsa, OK 74114, and the business phone number is (539) 444-8002.
Filing Stats: 4,234 words · 17 min read · ~14 pages · Grade level 9.2 · Accepted 2024-06-28 16:10:42
Key Financial Figures
- $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
- $0.80 — of Common Stock at an exercise price of $0.80 per share (the “PIE-1 Warrant&rdq
- $1.00 — of Common Stock at an exercise price of $1.00 per share (the “PIE-2 Warrant&rdq
- $0.40 — of Common Stock at an exercise price of $0.40 per share (the “PIE-3 Warrant&rdq
- $0.564 — of Common Stock at an exercise price of $0.564 per share (the “PIE-4 Warrant&rdq
- $525,000 — o;), for an aggregate purchase price of $525,000. The purchase price was funded using Mr
- $20,000 — Stock at an aggregate exercise price of $20,000, (ii) Mr. Mulacek with respect to 175,0
- $140,000 — Stock at an aggregate exercise price of $140,000, (iii) Big Red Revocable Trust with res
- $27,000 — Stock at an aggregate exercise price of $27,000, and (iv) Five Sterling LP with respect
- $26,000 — Stock at an aggregate exercise price of $26,000; (b) the PIE-2 Warrant was exercised by
- $25,000 — Stock at an aggregate exercise price of $25,000, (ii) Mr. Mulacek with respect to 62,50
- $62,500 — Stock at an aggregate exercise price of $62,500, (iii) Big Red Revocable Trust with res
- $37,500 — Stock at an aggregate exercise price of $37,500, and (iv) Five Sterling LP with respect
- $50,000 — Stock at an aggregate exercise price of $50,000; and (c) the PIE-3 Warrant was exercise
- $60,000 — Stock at an aggregate exercise price of $60,000, (ii) Mr. Mulacek with respect to 569,1
Filing Documents
- mulacek13d-18852.htm (SC 13D/A) — 101KB
- 0001072613-24-000580.txt ( ) — 102KB
PURPOSE OF TRANSACTION
ITEM 4. PURPOSE OF TRANSACTION Mr. Mulacek acquired and owns or owned the shares of Common Stock, convertible notes, warrants to purchase Common Stock, stock options and restricted stock units, as described herein, for investment purposes. Mr. Mulacek is a director of the Company and serves as Chairman of the Board. Mr. Mulacek expects that he will continue to receive equity awards as compensation for serving on the Board. Mr. Mulacek may, from time to time, depending on prevailing market, economic and other conditions, acquire additional shares of Common Stock or other securities of the Company, dispose of any such securities, or engage in discussions with the Company concerning such acquisitions or dispositions or further investments in the Company. Mr. Mulacek intends to review his investment in the Company from time to time and, depending upon his assessment of pertinent factors, including without limitation, the price and availability of shares of Common Stock or other securities of the Company, subsequent developments affecting the Company, the Company’s business and prospects, other investment and business opportunities available to him, general stock market and economic and industry conditions and tax and estate planning considerations, may decide at any time to increase or to decrease the size of his investment in the Company in the open market, in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or otherwise. On March 8, 2022, the Company formalized the issuance of preferred stock as was required under the terms of the Company’s May 2021 financing agreements with EEF and issued six shares of Series A Voting Preferred Stock to Mr. Mulacek, one of the principals of EEF, as EEF’s designee. The Series A Voting Preferred Stock was issued in connection with the strategic investment in the Company by EEF. The Series A Voting Preferred Stock is not convertible into the Common Stock or any other security of CUSIP NO.