Empire Petroleum shares fall 1.24% after-hours following a fully subscribed rights offering.

Thursday, Aug 21, 2025 4:05 pm ET1min read
Empire Petroleum Corporation fell 1.24% in after-hours trading, following the announcement that its rights offering was fully subscribed. The company received subscriptions for more than 100% of the securities available, indicating strong investor interest. However, the stock price decline may be due to the fact that not all oversubscriptions could be satisfied, potentially leading to investor disappointment.

Empire Petroleum shares fall 1.24% after-hours following a fully subscribed rights offering.

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