Empire Petroleum launches $25M rights offering at $6.05/share, expiring April 3, 2024

EMPIRE PETROLEUM CORP

Record date March 7, 2024; each stockholder receives one non-transferable right per share, each right buys 0.161 shares at $6.05.
Up to 4,132,232 shares offered; oversubscription privilege for full subscribers, allocated pro rata.
Chairman Phil Mulacek and Energy Evolution Master Fund (46% holders) intend to fully subscribe and oversubscribe.
Rights expire at 5:00 p.m. ET on April 3, 2024; subscription agent is Securities Transfer Corporation.

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