---
schema_version: "secwatch.filing_event.v1"
accession: "0001072613-24-000599"
form_type: "8-K"
ticker: "EP"
cik: "0000887396"
company_name: "EMPIRE PETROLEUM CORP"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:50:20.877800+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Empire Petroleum to issue 205,427 shares to repay $1.06M loan from PIE, terminate loan and JDA

## Summary
- Outstanding loan principal and interest of $1,060,004 as of July 1, 2024.
- Company will issue 205,427 shares of common stock at $5.16 per share (June 28 closing price) to pay off the loan.
- Loan termination and share issuance contingent on NYSE American approval of supplemental listing.
- Loan agreement and Joint Development Agreement (JDA) with PIE will be terminated.
- Shares issued under Section 4(a)(2) exemption; PIE is an accredited investor.

## SEC filing metadata
- accession: 0001072613-24-000599
- form_type: 8-K
- ticker: EP
- cik: 0000887396
- company_name: EMPIRE PETROLEUM CORP
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887396/000107261324000599/0001072613-24-000599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887396/000107261324000599/emp_8k-18858.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001072613-24-000599
- JSON: https://secwatch.observer/filing/0001072613-24-000599.json
- Plain text: https://secwatch.observer/filing/0001072613-24-000599.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.