other material
confidence high
sentiment neutral
materiality 0.65
Empire Petroleum sets March 7 record date for $25M rights offering at $6.05/share
EMPIRE PETROLEUM CORP
- Record date of March 7, 2024 for a rights offering to raise up to $25 million.
- Aggregate of 4,132,232 shares offered at $6.05 per share (corrected from earlier per-right error).
- Rights are non-transferable; expiration date is March 25, 2024 at 5:00 p.m. ET.
- Holders who fully exercise may over-subscribe for additional shares, subject to proration.