---
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"
generated_at: "2026-05-19T00:35:51.749323+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Empire Petroleum issues $4M promissory note to Phil E. Mulacek, $2M drawn immediately

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001072613-25-000432
- JSON: https://secwatch.observer/filing/0001072613-25-000432.json
- Plain text: https://secwatch.observer/filing/0001072613-25-000432.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/887396/000107261325000432/0001072613-25-000432-index.htm

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