secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0001072613-25-000432
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261325000432/0001072613-25-000432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261325000432/emp_8k-18960.htm
  HTML page:      https://secwatch.observer/filing/0001072613-25-000432

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