{"schema_version":"secwatch.filing_event.v1","accession":"0001072613-24-000261","form_type":"8-K","ticker":"EP","cik":"0000887396","company_name":"EMPIRE PETROLEUM CORP","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.157465+00:00","generated_at":"2026-06-05T22:33:04.284140+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Empire Petroleum issues $5M promissory note to Energy Evolution Master Fund at 7% interest","bullets":["Note principal $5M; $2.5M funded immediately; up to additional $2.5M available over three months.","Interest 7% p.a. (9% post-maturity); conversion price $6.25/share, yielding up to 800k shares.","Matures Feb 15, 2026; proceeds for drilling program and working capital.","Interest payments at Energy Evolution's option in cash or common stock.","Note issued as unregistered security under Section 4(a)(2) exemption."],"urls":{"canonical":"https://secwatch.observer/filing/0001072613-24-000261","json":"https://secwatch.observer/filing/0001072613-24-000261.json","markdown":"https://secwatch.observer/filing/0001072613-24-000261.md","text":"https://secwatch.observer/filing/0001072613-24-000261.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000261/0001072613-24-000261-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000261/emp_8k-18799.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T22:33:04.284140+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9cbfba87593c50c279be86d74f972c62c019be19","claim":"EMPIRE PETROLEUM CORP incurred loan of $5,000,000 with Energy Evolution Master Fund, Ltd. at 7% per annum maturing February 15, 2026.","evidence_excerpt":"On February 16, 2024, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $5,000,000 (the “Note”) to Energy Evolution Master Fund, Ltd.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000261/0001072613-24-000261-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$5,000,000"},{"label":"Counterparty","value":"Energy Evolution Master Fund, Ltd."},{"label":"Rate","value":"7% per annum"},{"label":"Maturity","value":"February 15, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"05b67f5456342d1ee7b4990bcdc48d2670dc77bc","claim":"EMPIRE PETROLEUM CORP entered into Promissory Note with Energy Evolution Master Fund, Ltd. valued at $5,000,000 (effective 2024-02-16).","evidence_excerpt":"On February 16, 2024, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $5,000,000 (the “Note”) to Energy Evolution Master Fund, Ltd., a Cayman Islands exempted company (“Energy Evolution”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000261/0001072613-24-000261-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Energy Evolution Master Fund, Ltd."},{"label":"Value","value":"$5,000,000"},{"label":"Effective","value":"2024-02-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}