Financing ·
Empire Petroleum issues $3.25M promissory note convertible into up to 1.15M shares at $2.838
EPEmpire Petroleum Corp
On September 10, 2026, Empire Petroleum Corporation issued a promissory note to Petroleum Independent & Exploration, LLC for $3,250,000. The note accrues interest at 6% per annum and matures on March 10, 2028. Proceeds are designated for general working capital. The lender may convert the principal into common stock at a price of $2.838 per share starting November 9, 2026, potentially resulting in the issuance of 1,145,173 shares. Empire Petroleum Corporation operates in the oil and gas exploration and production industry.