UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 10, 2023
Royale Energy, Inc.
(Exact Name of Registrant as Specified in Charter)
| | | | | |
Delaware | | 000-55912 | | 81-4596368 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | |
1530 Hilton Head Road, Suite 205 El Cajon, California | | 92020 |
(Address of Principal Executive Offices) | | (Zip Code) |
(619) 383-6600
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On April 10, 2023, CIC RMX LP (the “Warrant Holder”) exercised in full its warrant (the “Warrant”) to purchase shares of the common stock of Royale Energy, Inc. (the “Company”). The Warrant Holder elected to make a cashless exercise of the Warrant and, as a result, the Company issued 3,266,055 shares of its common stock to the Warrant Holder.
The Warrant Holder is a partnership that is sponsored by CIC Partners. CIC Partners is a Dallas, Texas based middle-market private equity firm that invests in growth-oriented companies primarily in the food, restaurant, industrial, and healthcare industries.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 13, 2023
| ROYALE ENERGY, INC. | |
| | | |
| | | |
| By: | /s/ Johnny Jordan | |
| | Johnny Jordan | |
| | Chief Executive Officer | |
0001694617 2023-04-10 2023-04-10
