{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000993","form_type":"8-K","ticker":"ROYL","cik":"0001694617","company_name":"Royale Energy, Inc.","filed_at":"2024-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.257160+00:00","generated_at":"2026-05-30T13:23:53.647325+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Royale Energy eliminates all Series B Preferred, resolves ~$27M in obligations via stock, notes, and options","bullets":["Exchanged all Series B Preferred Stock (liquidation preference >$24M) for 22.2M common shares, $2.47M notes, and 25M options at $0.10.","Resolved $2.82M in historical liabilities by issuing 2.54M common shares and $0.28M notes.","Company now has single class of common stock; no preferred shares outstanding.","CEO Johnny Jordan and director Jeff Kearns participated; their ownership changed to 26.38% and 19.67%.","No cash proceeds; transactions approved by disinterested board members."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000993","json":"https://secwatch.observer/filing/0001185185-24-000993.json","markdown":"https://secwatch.observer/filing/0001185185-24-000993.md","text":"https://secwatch.observer/filing/0001185185-24-000993.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1694617/000118518524000993/0001185185-24-000993-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1694617/000118518524000993/royaleinc20241017_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T13:23:53.647325+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}