secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001072613-23-000586
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empire Petroleum raises $10M cash and converts $10.1M debt via issuance of 2.5M shares at $8.00
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- Issued 1,256,832 shares to each of Phil Mulacek and Energy Evolution Master Fund at $8.00/share.
- Total cash received: $10M ($5M from Mulacek, $2M+$3M from Energy Evolution).
- Canceled outstanding promissory notes totaling $10,109,315.06 (principal + accrued interest).
- Company to file a resale registration statement by Feb 15, 2024 and keep effective until Nov 15, 2024.
- Shares issued in unregistered transaction; Mulacek and Energy Evolution are accredited investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000586/0001072613-23-000586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000586/emp_8k-18777.htm
  HTML page:      https://secwatch.observer/filing/0001072613-23-000586

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