---
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"
generated_at: "2026-05-30T13:23:53.647325+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Royale Energy eliminates all Series B Preferred, resolves ~$27M in obligations via stock, notes, and options

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000993
- JSON: https://secwatch.observer/filing/0001185185-24-000993.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000993.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.