Empire Petroleum Announces Full Subscription of 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 its previously announced rights offering (the “Rights Offering”) was fully subscribed. The subscription period for the Rights Offering expired at 5:00 p.m., New York City time, on October 24, 2024.The Company received subscriptions for more than 100% of the shares available in the Rights Offering. Accordingly, stockholders will receive their basic subscription rights. However, since there are not enough shares to satisfy all oversubscriptions, remaining shares will be allocated pro-rata, after eliminating all fractional shares, among oversubscribing stockholders.As previously indicated, our largest stockholders Phil E. Mulacek, Chairman of the Board of the Company, and Energy Evolution Master Fund, Ltd., a Cayman Islands exempted company and
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News
- Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational UpdatesBusiness Wire
- Empire Petroleum Announces Extension of Previously Announced Rights OfferingBusiness Wire
- Empire Petroleum Announces Commencement 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