EMPIRE PETROLEUM CORP (EP)
CIK 887396 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 41.6M shares as of Aug 11, 2026 (10-Q). Share count fell from 91.6M to 7.6M between Jul 22, 2013 and Nov 4, 2013, a pattern consistent with a reverse split (roughly 1-for-12); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| September Note Warrant | 138,889 | $4.32 | — | FV $400,000 |
Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 4,167 underlying shares, as reported Jun 30, 2018 (10-Q).
Reported exercise price: $5 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $18.3M as of Dec 31, 2019.
Rough fully diluted estimate: 41.6M = 41.6M O/S + 4,167 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| September Note | $4.0M | — | $4.32 | 5.5% | ~925,926 sh |
| Convertible Note February 2026 | $3.0M | — | $2.99 | 5.5% | ~1.0M sh |
If every note above converted at its tagged price: ~1.9M new shares on 41.6M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 14, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 41.6M | Aug 11, 2026 |
| + September Note Warrant (if exercised) | 138,889 | Nov 5, 2025 |
| + September Note (if fully converted) | 925,926 | Sep 24, 2025 |
| + Convertible Note February 2026 (if fully converted) | 1.0M | Feb 19, 2026 |
| Fully diluted estimate | 43.6M | +5.0% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $350.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 5 executed · 2 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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