secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001072613-26-000199
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empire Petroleum issues $3M promissory note to Phil Mulacek; convertible at $2.99/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261326000199/0001072613-26-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261326000199/emp_8k-19032.htm
  HTML page:      https://secwatch.observer/filing/0001072613-26-000199

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