Empire Petroleum rights offering fully subscribed; $2.5M gross proceeds, up to $5M with warrants

EMPIRE PETROLEUM CORP

Gross proceeds of ~$2.5M from rights offering; warrants could add another $2.5M if exercised.
Subscription price $0.07367 per unit; each unit includes 0.0139 shares ($5.30/share) and warrant for 0.0136 shares ($5.46/share).
Over-subscribed; oversubscriptions allocated pro-rata; Chairman Phil E. Mulacek participated fully.
Warrants expire November 18, 2025 (90 days after offering expiration).

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