EMPIRE PETROLEUM CORP 8-K

What Happened
On January 21, 2026, Empire Petroleum Corporation announced a registered rights offering and set a record date of February 2, 2026. The company said it will distribute one subscription right at no charge to each holder of common stock as of the close of business on the record date. Each subscription right will entitle the holder to purchase 0.057 shares of common stock at a subscription price of $2.99 per whole share. A prospectus supplement with additional offering details will be filed when the offering is launched.

Key Details

• Record Date: February 2, 2026 (rights distributed to holders as of close of business that day).
• Offering size: up to $6.0 million (registered rights offering).
• Subscription terms: one right per share; each right allows purchase of 0.057 shares at $2.99 per whole share (cost per right ≈ $0.17).
• Additional documents: prospectus supplement to be filed; press release furnished with the 8-K (Exhibit 99.1).

Why It Matters
A rights offering is a way for the company to raise capital while giving existing shareholders the first chance to buy additional shares pro rata. Participating shareholders can maintain their ownership percentage by exercising their rights; shareholders who do not participate may see their ownership diluted if new shares are issued. Final economic and timing details will be in the prospectus supplement when the offering is launched.