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AI brief of an SEC Form 8-K · EMPIRE PETROLEUM CORP (EP)

Empire Petroleum issues $3.25 million convertible note to PIE, due March 10, 2028

Neutral Impact 3 of 5 financing Written later

On September 10, 2026, Empire Petroleum Corporation issued a $3,250,000 promissory note to Petroleum Independent & Exploration, LLC, which has fully advanced the funds for general working capital. The note matures March 10, 2028 and carries 6% annual interest, and PIE may convert principal into common stock at $2.838 per share from November 9, 2026, which would issue 1,145,173 shares if fully converted. The filing adds debt and could dilute existing shareholders if converted, and it contains no revenue, profit or guidance figures.

Key points

  • $3,250,000 note issued September 10, 2026 to PIE; full amount advanced as of that date
  • 6% annual interest, rising to 9% on any principal unpaid after the March 10, 2028 maturity; accrued interest payable in cash at maturity
  • Convertible at PIE's option from November 9, 2026 to maturity at $2.838 per share, for up to 1,145,173 shares
  • Prepayable without penalty on at least five business days' written notice; company will seek NYSE American approval for the underlying shares

The filing

CompanyEMPIRE PETROLEUM CORP (EP)
Form8-K, current report
Filed with the SECSep 16, 2026, 4:27 PM ET
Accession number0001072613-26-000771

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 16, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.