Energy Evolution Master Fund, Ltd. sold EP
April 22, 2024 · Form 4 insider transaction
Energy Evolution Master Fund, Ltd. sold 6,790,469 shares of Empire Petroleum Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as exercise of in-the-money option and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Represents the exercise price of $5.00 per whole share of common stock in the Rights Offering.; Each holder of common stock of record as of March 7, 2024 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.161 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.