---
schema_version: "secwatch.filing_event.v1"
accession: "0001072613-23-000568"
form_type: "8-K"
ticker: "EP"
cik: "0000887396"
company_name: "EMPIRE PETROLEUM CORP"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:57:06.368653+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Empire extends $10M bridge loans to Dec 2024; interest payable in common stock

## Summary
- Maturity of $5M loans from Phil Mulacek and Energy Evolution Master Fund extended from Nov 9, 2023 to Dec 31, 2024.
- Interest at 7% (9% post-maturity) will be paid in shares of Empire common stock on scheduled dates unless default occurs.
- If Senior Secured Revolver is terminated, Empire North Dakota cannot incur secured debt without investor consent.
- Loans are junior to existing Senior Secured Revolver with CrossFirst Bank but senior to future unsecured debt.
- Interest shares priced using 5-day VWAP of EP common stock preceding each interest payment date.

## SEC filing metadata
- accession: 0001072613-23-000568
- form_type: 8-K
- ticker: EP
- cik: 0000887396
- company_name: EMPIRE PETROLEUM CORP
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887396/000107261323000568/0001072613-23-000568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887396/000107261323000568/emp_8k-18772.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001072613-23-000568
- JSON: https://secwatch.observer/filing/0001072613-23-000568.json
- Plain text: https://secwatch.observer/filing/0001072613-23-000568.txt

## Key facts
- Debt Financings
  EMPIRE PETROLEUM CORP amended loan with Phil Mulacek and Energy Evolution Master Fund, Ltd. maturing December 31, 2024.
  - Instrument: loan
  - Counterparty: Phil Mulacek and Energy Evolution Master Fund, Ltd.
  - Maturity: December 31, 2024
  - Event: amendment
  source text: On November 9, 2023, the Investors amended and restated the Bridge Loans with Empire North Dakota (collectively, the “Amended and Restated Bridge Loans”) for the purpose of, among other things: (a) extending the maturity date of the Bridge Loans from November 9, 2023 to December 31, 2024;
  evidence_url: https://www.sec.gov/Archives/edgar/data/887396/000107261323000568/0001072613-23-000568-index.htm
- Material Agreements
  EMPIRE PETROLEUM CORP amended Amended and Restated Bridge Loans with Phil Mulacek; Energy Evolution Master Fund, Ltd. valued at $5.0 million (effective 2023-11-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Phil Mulacek; Energy Evolution Master Fund, Ltd.
  - Value: $5.0 million
  - Effective: 2023-11-09
  source text: On November 9, 2023, the Investors amended and restated the Bridge Loans with Empire North Dakota (collectively, the “Amended and Restated Bridge Loans”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/887396/000107261323000568/0001072613-23-000568-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.