Empire Petroleum extends rights offering expiration to July 30, 2025; $5.0M gross proceeds

EMPIRE PETROLEUM CORP

Rights offering extended to 5:00 p.m. ET on July 30, 2025, for more stockholder participation time.
Gross proceeds up to $5.0M, including $2.5M from warrant exercises; subscription price $5.30 per unit.
Each unit comprises 0.0139 common shares and one warrant exercisable for 0.0136 shares at $5.46.
Chairman Phil Mulacek intends to fully subscribe and exercise over-subscription rights for his pro rata share.
Record date was July 10, 2025; rights and warrants are non-transferable and not listed.

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