Empire Petroleum issues USD 3.25 million promissory note to Petroleum Independent & Exploration

• Empire Petroleum issued a USD 3.25 million promissory note to Petroleum Independent & Exploration on Sept. 10, 2026.
• Note proceeds earmarked for general working capital.
• Matures March 10, 2028; carries 6% annual interest, rising to 9% on unpaid principal after maturity.
• Holder can convert principal into common stock at USD 2.84 per share from Nov. 9, 2026 until maturity.
• Full conversion would issue 1,145,173 shares; issuer can prepay in cash without penalty with five business days’ notice.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empire Petroleum Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001072613-26-000771), on September 16, 2026, and is solely responsible for the information contained therein.