Empire Petroleum Announces Record Date for Proposed 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 Board of Directors has fixed the close of business on March 7, 2024 as the record date (the “Record Date”) for a subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million. The Company will distribute at no charge to holders of its common stock, par value $0.001 per share (“Common Stock”), as of the close of business on the Record Date one subscription right for each share of Common Stock held. Each subscription right will entitle the holder to purchase 4,132,232 shares of Common Stock at a subscription price of $6.05 per share. The subscription rights are non-transferable, and will not be listed for trading on any stock exchange or market. In addition, holders
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News
- Empire Petroleum Announces Full Subscription of Rights Offering [Yahoo! Finance]Yahoo! Finance
- Empire Petroleum Announces Full Subscription of Rights OfferingBusiness Wire
- Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023 [Yahoo! Finance]Yahoo! Finance
- Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023Business Wire
- Empire Petroleum Announces Modification of Terms of Previously Announced Rights OfferingBusiness Wire
EP
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form 4
- 4/29/24 - Form DEF
- EP's page on the SEC website