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Empire Diversified Energy Announces Withdrawal of Trimodal Chapter 11 Filing and Launch of Strategic Financing Review
Empire Diversified Energy Announces Withdrawal of Trimodal Chapter 11 Filing and Launch of Strategic Financing Review.
About this update from Empire Diversified Energy, Inc.
[{"type":"text","content":"Follansbee, WV - January 5, 2026,\r\n (OTC Markets Release) Empire Diversified Energy, Inc. (OTC Markets Pink (Ticker\r\n Symbol: MPIR). Empire Diversified Energy, Inc. (EDE) the parent company\r\n of Empire Trimodal Terminal (ETT) and its affiliated operating businesses,\r\n today announced that ETT, a wholly owned subsidiary of EDE, has filed\r\n papers to withdraw and rescind its previously filed Chapter 11 proceeding. Only\r\n ETT filed for Chapter 11; EDE was not a Chapter 11 debtor.\r\n\r\nEDE and all of its subsidiaries,\r\n including ETT, will continue to operate outside of Chapter 11 while EDE advances\r\n a comprehensive strategic financing review.\r\n\r\nThe decision reflects\r\n constructive engagement with key stakeholders and EDE’s determination that a\r\n consensual, out-of-court process provides the most efficient and flexible path\r\n to preserve value across the enterprise.\r\n\r\n“After careful consideration, we\r\n believe that pursuing solutions outside of Chapter 11 best positions EDE and ETT\r\n to achieve a value-maximizing outcome,” said Frank Rosso, Chief Executive\r\n Officer of EDE. “ETT’s filing served its intended purpose, and we are now\r\n focused on advancing a coordinated strategy that reflects the operational\r\n connectivity of our assets and businesses.”\r\n\r\nEDE, together with its financial\r\n advisor, Oppenheimer & Co. Inc., are evaluating a range of\r\n potential alternatives, including refinancing at the parent or subsidiary level\r\n and other strategic transactions. The Company noted that it has received\r\n interest from prospective lenders and investors and intends to conduct a disciplined,\r\n coordinated process to assess the most attractive options.\r\n\r\nETT and EDE’s other operating\r\n subsidiaries will continue to operate in the ordinary course, with no expected disruption\r\n to customers, vendors, or employees.\r\n\r\n“We remain focused on maintaining\r\n operational momentum while working collaboratively with stakeholders,”\r\n added Mr. Rosso. “Given the interdependence of our assets and operations,\r\n we believe a coordinated, enterprise-level approach will drive the best\r\n long-term result.”\r\n\r\nEDE expects to provide updates as\r\n it deems appropriate as the strategic review progresses.\r\n\r\n \r\n\r\nPlease click the link below f...