Empire Petroleum fully subscribes $10M rights offering at $2.99/share

EMPIRE PETROLEUM CORP

Rights offering generated approx. $10.0M in gross proceeds, before expenses.
Subscription price was $2.99 per share; offering was increased from $6M to $10M.
Oversubscriptions exceeded 100%; remaining shares allocated pro-rata among oversubscribing stockholders.
Subscription period expired March 18, 2026 at 5:00 p.m. Eastern Time.

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