Empire Petroleum announces extension of rights offering

Empire Petroleum announced that it has extended the expiration date of its previously announced subscription rights offering pursuant to which it intends to raise gross proceeds of up to approximately $10M. The company has extended the Expiration Date in order to allow its stockholders to have more time to consider their participation and arrange finances for the Rights Offering. A contributing factor is requests by company stockholders as a result of the recent disruption caused by Hurricane Milton. The Rights Offering is now expected to expire at 5:00 p.m., Eastern Time, on October 24, 2024, subject to extension or earlier termination.