tiprankstipranks
Trending News
More News >

Empire Petroleum’s Strategic Financing and Equity Deals

Empire Petroleum’s Strategic Financing and Equity Deals

Confident Investing Starts Here:

Empire Petroleum (EP) has provided an announcement.

Empire Petroleum Corporation has issued a Promissory Note to Energy Evolution, amounting to $5 million with a 7% interest rate per annum, due in 2026. Energy Evolution, which had already advanced the full amount under the Note, chose to convert the principal into 800,000 common stock shares at $6.25 per share. Additionally, they received a Warrant to purchase more shares, signaling a significant investment move and showcasing their sophisticated understanding of the financial risks and opportunities involved.

Find detailed analytics on EP stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App