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0 0 0 0 -0.00508044030482646 -0.00338696020321754 0.00423370025402208 0.00423370025402208
Stock impact report

Empire Petroleum Issues Correction for Previously Announced 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 a correction to its prior announcement regarding its subscription rights offering (“Rights Offering”) with a record date of the close of business on March 7, 2024 (the “Record Date”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million. The initial release indicated that each subscription right entitled the holder to purchase 4,132,232 shares at the subscription price of $6.05. It should have indicated that the Company is offering holders the right to purchase an aggregate of 4,132,232 shares of Common Stock upon exercise of the subscription rights at a subscription price of $6.05 per share.This press release should be read in conjunction with the initial press release. These corrections do not change any other i Show less Read more
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