Corporate ActionMay 1, 2026, 04:08 PM
Empire Petroleum to Sell Up to $30M Common Stock via ATM Offering
AI Summary
Empire Petroleum Corporation entered into a Sales Agreement with Roth Capital Partners, LLC on May 1, 2026, to establish an "at the market" offering program. Under this agreement, the company may sell up to $30 million of its common stock from time to time. Roth Capital Partners will act as the sales agent and receive a 3.0% commission on any gross proceeds from shares sold.
Key Highlights
- Empire Petroleum entered a Sales Agreement with Roth Capital Partners, LLC.
- Company may sell up to $30,000,000 of common stock in "at the market" offerings.
- Sales can be made at prevailing market prices or through privately negotiated transactions.
- Roth Capital Partners will receive a 3.0% commission on gross proceeds from sales.
- Company is not obligated to sell, and Agent is not obligated to sell any shares.
- Shares will be issued under the Company's effective Form S-3 shelf registration statement.
Price Impact
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