Empire Petroleum launches $10 million offering to tackle working capital deficit

seekingalpha.com

Empire Petroleum has taken steps to improve its liquidity by launching a $10 million subscription rights offering and increasing its revolving credit facility by $10 million. These actions aim to address a working capital deficit of approximately $15 million. The company’s new financial measures are intended to stabilize its operations and enhance its financial position.


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Empire Petroleum launches $10 million offering to tackle working capital deficit | News Minimalist