EMPIRE PETROLEUM CORP (EP): debt financing — Empire Petroleum issues $4M promissory note to Phil E. Mulacek, $2M drawn immediately

EMPIRE PETROLEUM CORP

Note has $4M principal; $2M advanced on June 17, 2025; up to $2M additional available 45-90 days later.
Interest rate 5.5% per annum, matures June 17, 2027; post-maturity rate 9%.
Company must repay original advance (or equity raise amount) within 5 business days of any equity raise.
Note may be prepaid anytime without penalty; no prepayment premium.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EMPIRE PETROLEUM CORP incurred loan of $4,000,000 with Phil E. Mulacek at 5.5% per annum maturing June 17, 2027.

Instrument: loan
Principal: $4,000,000
Counterparty: Phil E. Mulacek
Rate: 5.5% per annum
Maturity: June 17, 2027
Event: incurrence

Exact text from the filing

On June 17, 2025 (the "Original Issue Date"), Empire Petroleum Corporation (the "Company") issued that certain Promissory Note in the aggregate principal amount of $4,000,000 (the "Note") to Phil E. Mulacek.

View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

EMPIRE PETROLEUM CORP filing history →

Source: SEC EDGAR

accession 0001072613-25-000432

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.