Empire Petroleum launches $5M rights offering at $5.30/unit; Chairman Mulacek to participate

EMPIRE PETROLEUM CORP

Offering up to 33.8M units at $5.30 each; each unit consists of 0.0139 common shares + one warrant.
Record date July 10, 2025; subscription rights expire July 25, 2025, unless extended.
Warrants exercisable at $5.46/share, expire 90 days after offering expiration.
Chairman Phil E. Mulacek (approx. 21.4% owner) intends to fully subscribe and exercise over-subscription rights.
Company expects up to $2.5M from warrant exercises; total potential offering proceeds $5.0M.

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