Empire Petroleum launches $6.0M rights offering at $2.99/share; largest holder to participate

EMPIRE PETROLEUM CORP

Rights offering of up to 2,006,689 shares at $2.99/share; one non-transferable right per share held entitles purchase of 0.057 shares.
Rights expire February 27, 2026; oversubscription privilege available for fully exercising stockholders.
Largest stockholder Energy Evolution Master Fund (31.2% ownership) intends to fully subscribe and exercise oversubscription rights.
Chairman Phil E. Mulacek also indicated intent to participate.
Record date is February 2, 2026; subscription price set by board on January 20, 2026.

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