Empire Petroleum extends $10M bridge loan maturity by 9 days to Nov 9

EMPIRE PETROLEUM CORP

Bridge loans from Phil Mulacek and Energy Evolution Master Fund total $10M.
Maturity extended from Oct 31, 2023 to Nov 9, 2023 via Letter Amendment.
No default exists under the Bridge Notes as of the amendment date.
Company ratified its obligations under the notes and parent guarantees.
Parent Empire Petroleum Corp. guaranteed the loans.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EMPIRE PETROLEUM CORP amended Letter Amendment with Phil Mulacek and Energy Evolution Master Fund, Ltd. (collectively, the Investors) valued at $5.0 million (effective 2023-10-31).

Action: amendment
Agreement: credit facility
Counterparty: Phil Mulacek and Energy Evolution Master Fund, Ltd. (collectively, the Investors)
Value: $5.0 million
Effective: 2023-10-31

Exact text from the filing

On October 31, 2023, the Investors entered into an amendment to the Bridge Loans with Empire North Dakota for the sole purpose of extending the maturity date of the Bridge Loans from October 31, 2023 to November 9, 2023 (the "Letter Amendment").

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EMPIRE PETROLEUM CORP filing history →

Source: SEC EDGAR

accession 0001072613-23-000523

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