Empire Petroleum Corporation Enters into At-the-Market Sales Agreement

Empire Petroleum Corporation has entered into a Sales Agreement with Roth Capital Partners, LLC, allowing the company to sell up to $30,000,000 of its common stock through "at-the-market" offerings. The offerings will be conducted at prevailing market prices. Neither party is obligated to sell or buy shares, and sales are subject to market conditions and placement notices. Roth Capital Partners will earn a 3.0% commission on gross proceeds, plus reimbursement for expenses. The agreement includes customary representations, warranties, and indemnification clauses. The shares will be issued under the company's existing Form S-3 shelf registration statement. This filing also includes the legal opinion of Porter Hedges LLP regarding the validity of the shares and details exhibits such as the Sales Agreement and the legal opinion itself. The company's President and CEO, Michael R. Morrisett, signed the report on May 1, 2026.