secwatch.observer — SEC 8-K summary
======================================

Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001072613-24-000599
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261324000599/0001072613-24-000599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261324000599/emp_8k-18858.htm
  HTML page:      https://secwatch.observer/filing/0001072613-24-000599

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer