secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001072613-25-000777
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empire Petroleum amends $4M note with Mulacek; conversion price raised to $4.32, warrant shares cut to 138,889
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- Note amended: conversion price for $2M advance raised from $4.27 to $4.32; warrant shares cut to 138,889.
- Mulacek may advance up to additional $2M at his discretion after Mar 23, 2026; conversion price set by 5-day VWAP.
- Additional advances trigger new warrants: exercise price = VWAP, number = (advance amount × 30%) / VWAP.
- Aggregate common stock issuable upon conversions and warrants capped at 1,217,798 shares.
- Note matures Sep 23, 2027, interest 5.5% p.a.; $2M already advanced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261325000777/0001072613-25-000777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261325000777/emp_8k-19012.htm
  HTML page:      https://secwatch.observer/filing/0001072613-25-000777

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