EMPIRE PETROLEUM CORP (EP): debt financing — Empire Petroleum issues $3M promissory note to Phil Mulacek; convertible at $2.99/share

EMPIRE PETROLEUM CORP

Principal $3M, interest 5.5% per annum, matures May 19, 2026; post-maturity default rate 9%.
Conversion price $2.99/share; full conversion would issue 1,003,344 shares of common stock.
Proceeds used to repay debt and for general working capital.
Note was issued in a private placement exempt under Section 4(a)(2) of the Securities Act.
Phil Mulacek is a director of the Company; the note is unregistered.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EMPIRE PETROLEUM CORP incurred loan of $3,000,000 with Phil E. Mulacek at 5.5% per annum maturing May 19, 2026.

Instrument: loan
Principal: $3,000,000
Counterparty: Phil E. Mulacek
Rate: 5.5% per annum
Maturity: May 19, 2026
Event: incurrence

Exact text from the filing

On February 19, 2026, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $3,000,000 (the “Note”) to Phil E. Mulacek.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

EMPIRE PETROLEUM CORP issued convertible note to Phil E. Mulacek for $3,000,000 aggregate principal amount.

Security: convertible note
Purchaser: Phil E. Mulacek
Consideration: $3,000,000 aggregate principal amount

Exact text from the filing

On February 19, 2026, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $3,000,000 (the “Note”) to Phil E. Mulacek.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EMPIRE PETROLEUM CORP entered into Promissory Note with Phil E. Mulacek valued at $3,000,000 (effective 2026-02-19).

Action: entry
Agreement: notes offering
Counterparty: Phil E. Mulacek
Value: $3,000,000
Effective: 2026-02-19

Exact text from the filing

On February 19, 2026, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $3,000,000 (the “Note”) to Phil E. Mulacek.

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

EMPIRE PETROLEUM CORP filing history →

Source: SEC EDGAR

accession 0001072613-26-000199

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