other material
confidence high
sentiment neutral
materiality 0.55
Empire Petroleum $5M note converted into 800k shares; warrant issued
EMPIRE PETROLEUM CORP
- Energy Evolution converted $5M principal at $6.25/share into 800,000 common shares.
- Accrued interest of $95,277.78 paid in cash; note terminated upon conversion.
- Warrant for 128,800 shares at $5.00/share issued, expiring July 31, 2024.
- Both issuances unregistered; note conversion exempt under Section 3(a)(9), warrant under 4(a)(2).