Empire Petroleum Announces Commencement of Previously Announced Rights Offering
Empire Petroleum Corporation (EP)
Company Research
Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company is distributing at no charge to holders of its common stock, par value $0.001 per share (“Common Stock”), as of the close of business on September 30, 2024 (the record date for the Rights Offering), one subscription right for each share of Common Stock held. Each subscription right entitles the holder to purchase 0.063 shares of Common Stock at a subscription price of $5.05 per share per one whole share of Common Stock. As a result, a stockholder must hold at least 16 shares of Common Stock to receive subscription rights to purchase at least one share
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News
- Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational UpdatesBusiness Wire
- Empire Petroleum Announces Full Subscription of Rights OfferingBusiness Wire
- Empire Petroleum Announces Extension of Previously Announced Rights OfferingBusiness Wire
- Empire Petroleum Announces Record Date for Proposed Rights OfferingBusiness Wire
EP
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/15/24 - Form 8-K
- EP's page on the SEC website