other material
confidence high
sentiment neutral
materiality 0.60
Empire Petroleum enters $30M ATM equity distribution agreement with Roth Capital Partners
EMPIRE PETROLEUM CORP
- Company may sell up to $30M of common stock in at-the-market offerings through Roth Capital Partners.
- Agent receives 3% commission on gross proceeds; company also reimburses reasonable out-of-pocket expenses.
- Sales at prevailing market prices; no obligation to sell any shares under the agreement.
- Shares offered under existing effective shelf registration statement (File No. 333-274327) filed September 2023.
- Agreement includes standard representations, indemnification, and may be terminated by either party at any time.