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The latest update is out from Empire Petroleum (EP).
Empire Petroleum Corporation’s subsidiary, Empire Texas LLC, wrapped up its financial dealings with Petroleum Independent & Exploration, LLC by entering into a Termination Agreement to settle an outstanding $1,060,004 loan with shares instead of cash. Under the agreement, Empire will issue shares valued at the loan amount, based on a fixed share price, to close the loan before its 2024 maturity date. This strategic move allows Empire to manage its debt without immediate cash outlay, marking a savvy pivot in its financial management.
See more data about EP stock on TipRanks’ Stock Analysis page.