Evolution Petroleum Corp. Signs Material Definitive Agreement
Ticker: EPM · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1006655
| Field | Detail |
|---|---|
| Company | Evolution Petroleum CORP (EPM) |
| Form Type | 8-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $30,000,000, $75,000, $5,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
Related Tickers: EVO
TL;DR
EVO signed a big deal, filing shows. Details to come.
AI Summary
Evolution Petroleum Corporation entered into a Material Definitive Agreement on October 21, 2024. The filing also includes financial statements and exhibits related to this agreement.
Why It Matters
This filing indicates a significant new contract or partnership for Evolution Petroleum, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — The nature of the material definitive agreement is not detailed, making it difficult to assess the specific risks involved.
Key Players & Entities
- Evolution Petroleum Corporation (company) — Registrant
- October 21, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Evolution Petroleum Corporation?
The filing does not specify the details of the Material Definitive Agreement, only that one was entered into on October 21, 2024.
What are the key financial highlights or changes reported in this 8-K?
This 8-K filing primarily reports the entry into a Material Definitive Agreement and includes financial statements and exhibits, but does not detail specific financial figures within the summary.
When was the Material Definitive Agreement reported?
The agreement was reported as of October 21, 2024.
What is Evolution Petroleum Corporation's state of incorporation?
Evolution Petroleum Corporation is incorporated in Nevada.
What is the primary business of Evolution Petroleum Corporation?
Evolution Petroleum Corporation is in the Crude Petroleum & Natural Gas industry, SIC code 1311.
Filing Stats: 1,163 words · 5 min read · ~4 pages · Grade level 11.6 · Accepted 2024-10-21 17:05:24
Key Financial Figures
- $0.001 — nge On Which Registered Common Stock, $0.001 par value EPM NYSE American Indic
- $30,000,000 — ssue and sell, from time to time, up to $30,000,000 of shares of common stock, par value $0
- $75,000 — gal counsel) in an amount not to exceed $75,000, in connection with entering into the S
- $5,000 — rterly basis in an amount not to exceed $5,000. The Sales Agreement contains customary
Filing Documents
- tm2426531d1_8k.htm (8-K) — 30KB
- tm2426531d1_ex1-1.htm (EX-1.1) — 227KB
- tm2426531d1_ex5-1.htm (EX-5.1) — 15KB
- tm2426531d1_ex5-1img001.jpg (GRAPHIC) — 10KB
- 0001104659-24-110272.txt ( ) — 518KB
- epm-20241021.xsd (EX-101.SCH) — 3KB
- epm-20241021_lab.xml (EX-101.LAB) — 33KB
- epm-20241021_pre.xml (EX-101.PRE) — 22KB
- tm2426531d1_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On October 21, 2024, Evolution Petroleum Corporation (the "Company" or "we" or "our") entered into a Sales Agreement (the "Sales Agreement") with Roth Capital Partners, LLC (the "Lead Agent"), Northland Securities Inc. ("Northland"), and A.G.P./Alliance Global Partners ("AGP" and, together with the Lead Agent and Northland, the "Agents") pursuant to which the Company may issue and sell, from time to time, up to $30,000,000 of shares of common stock, par value $0.001 per share (the "Common Stock"), through or to the Lead Agent, acting as agent or principal. The Company is not obligated to sell any shares of Common Stock under the Sales Agreement. Each time the Company wishes to issue and sell the Common Stock under the Sales Agreement, the Company will provide the Lead Agent with a placement notice describing the amount of Common Stock to be sold, the time period during which sales are requested to be made, any limitation on the amount of Common Stock that may be sold in any single day, any minimum price below which sales may not be made or any minimum price requested for sales in a given time period and any other instructions relevant to such requested sales. Subject to the terms and conditions of the Sales Agreement, the Lead Agent will use commercially reasonable efforts, consistent with its normal trading and sales practices and, applicable state and federal laws, rules and regulations and the rules of the NYSE American to sell shares of Common Stock under the terms and subject to the conditions of the placement notice and the Sales Agreement. We or the Lead Agent may suspend the offering of Common Stock pursuant to a placement notice upon notice and subject to other conditions. Generally, the Lead Agent may sell the shares of Common Stock by any method permitted by law deemed to be an "at the market offering" as defined by Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, including s
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Sales Agreement, dated as of October 21, 2024, by and among the Company, Roth Capital Partners, LLC, Northland Securities Inc. and A.G.P./Alliance Global Partners. 5.1 Opinion of Fennemore Craig, P.C. 23.1 Consent of Fennemore Craig, P.C. (contained in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL) SIGNATURE 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. Dated: October 21, 2024 Evolution Petroleum Corporation (Registrant) By: /s/ Ryan Stash Name: Ryan Stash Title: Senior Vice President and Chief Financial Officer