{"schema_version":"secwatch.filing_event.v1","accession":"0001072613-25-000719","form_type":"8-K","ticker":"EP","cik":"0000887396","company_name":"EMPIRE PETROLEUM CORP","filed_at":"2025-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.600672+00:00","generated_at":"2026-05-17T05:38:16.938771+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Empire Petroleum issues $4M convertible note to director Mulacek for drilling program","bullets":["$4M promissory note issued to director Phil E. Mulacek; $2M advanced, up to $2M additional available after Mar 2026.","Matures Sep 2027, 5.5% interest; convertible at $4.27/share (936,768 shares if fully converted).","Warrant for 281,030 shares at $4.27/share, exercisable upon NYSE American approval; $50K fee if no approval in 60 days.","Proceeds to fund oil & gas drilling program and working capital.","Issuance exempt from registration under Section 4(a)(2); NYSE American listing application to be filed."],"urls":{"canonical":"https://secwatch.observer/filing/0001072613-25-000719","json":"https://secwatch.observer/filing/0001072613-25-000719.json","markdown":"https://secwatch.observer/filing/0001072613-25-000719.md","text":"https://secwatch.observer/filing/0001072613-25-000719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000719/0001072613-25-000719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000719/emp_8k-19004.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:38:16.938771+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0db30a240a76866032c393d22e72aa71200cc1b0","claim":"EMPIRE PETROLEUM CORP incurred loan of $4,000,000 with Phil E. Mulacek at 5.5% per annum maturing September 23, 2027.","evidence_excerpt":"On September 24, 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_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000719/0001072613-25-000719-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$4,000,000"},{"label":"Counterparty","value":"Phil E. Mulacek"},{"label":"Rate","value":"5.5% per annum"},{"label":"Maturity","value":"September 23, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"72d80c988e0981dbee864a525afa88944ff6ef91","claim":"EMPIRE PETROLEUM CORP issued convertible note to Phil E. Mulacek for $4,000,000 aggregate principal amount.","evidence_excerpt":"On September 24, 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_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000719/0001072613-25-000719-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"Phil E. Mulacek"},{"label":"Consideration","value":"$4,000,000 aggregate principal amount"}],"fact_type":"equity_issuance"},{"claim_id":"ed0c9657778ac7f8aed5c0e4a2c647e338236fb6","claim":"EMPIRE PETROLEUM CORP issued 281,030 shares of common stock of warrant to Phil E. Mulacek for partial consideration for commitment to make advances.","evidence_excerpt":"As partial consideration for the commitment to make the advances under the Note, the Company has issued a warrant certificate for Mr. Mulacek to purchase 281,030 shares of common stock of the Company (the “Warrant Shares”) at an exercise price of $4.27 per share for a period of three years (the “Warrant”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261325000719/0001072613-25-000719-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"281,030 shares of common stock"},{"label":"Purchaser","value":"Phil E. Mulacek"},{"label":"Consideration","value":"partial consideration for commitment to make advances"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}