{"schema_version":"secwatch.filing_event.v1","accession":"0001072613-25-000432","form_type":"8-K","ticker":"EP","cik":"0000887396","company_name":"EMPIRE PETROLEUM CORP","filed_at":"2025-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.631341+00:00","generated_at":"2026-05-19T00:35:51.749323+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Empire Petroleum issues $4M promissory note to Phil E. Mulacek, $2M drawn immediately","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001072613-25-000432","json":"https://secwatch.observer/filing/0001072613-25-000432.json","markdown":"https://secwatch.observer/filing/0001072613-25-000432.md","text":"https://secwatch.observer/filing/0001072613-25-000432.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000432/0001072613-25-000432-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000432/emp_8k-18960.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T00:35:51.749323+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fd568709a10350b094e6d302aef543be573754f0","claim":"EMPIRE PETROLEUM CORP incurred loan of $4,000,000 with Phil E. Mulacek at 5.5% per annum maturing June 17, 2027.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000432/0001072613-25-000432-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$4,000,000"},{"label":"Counterparty","value":"Phil E. Mulacek"},{"label":"Rate","value":"5.5% per annum"},{"label":"Maturity","value":"June 17, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}