IPO - EMPIRE PETROLEUM CORP

Form Type: 424B5

Filing Date: 2025-07-10

Corporate Action: Ipo

Type: New

Accession Number: 000107261325000465

Filing Summary: Empire Petroleum Corporation is conducting a rights offering to distribute subscription rights at no charge to holders of its common stock as of the record date of July 10, 2025. The offering allows stockholders to purchase up to 33,766,388 units at a subscription price of $5.30 per unit. Each unit consists of 0.0139 shares of common stock and a right to purchase an additional 0.0136 shares of common stock through a warrant at $5.46 per share. The overall goal of the rights offering is to raise equity capital, estimated at $5 million, for corporate purposes and balance sheet optimization. There are no fractional units or shares issued, and the rights are non-transferable. The offering will expire on July 25, 2025, unless extended by the company. Phil E. Mulacek, Chairman of the Board, intends to fully participate in the offering.