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Royale Energy (OTC: ROYL) starts strategic review, eyes potential relisting

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Royale Energy, Inc. announced that its Board has launched a comprehensive Strategic Review aimed at strengthening the company’s financial position, improving its readiness for capital markets activity, and positioning the business for a potential relisting on a national exchange, subject to meeting listing requirements and market conditions.

The Board has engaged Roth Capital Partners as financial advisor to lead the review, which will consider alternatives such as balance sheet optimization, asset-level capital allocation strategies, and potential transactions to support greater scale, liquidity, and institutional visibility. The company, currently quoted on OTCQB and compliant with SEC reporting, has set no timetable for completing the review and does not plan further updates unless the Board approves a specific course of action.

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Insights

Royale starts a broad strategic review with an eye toward a possible Nasdaq relisting.

Royale Energy has initiated a wide-ranging Strategic Review targeting its balance sheet, asset allocation, and potential transactions that might expand scale and liquidity. The process is explicitly framed around enhancing shareholder value and preparing the company for a potential relisting on a national exchange.

Roth Capital Partners is engaged as financial advisor, signaling a structured, capital-markets-focused approach. The company highlights its current OTCQB quotation and SEC reporting compliance, which are prerequisites but not guarantees for uplisting. Actual outcomes will depend on the review’s findings and any Board-approved actions.

No timetable has been set, and management does not plan interim commentary, so future 8-Ks or other filings would need to disclose any specific transactions, balance sheet moves, or relisting applications once the Board selects a path.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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):  February 17, 2026

_______________________________

Royale Energy, Inc.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware000-5591281-4596368
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

1530 Hilton Head Road, Suite 205

El Cajon, California 92021

(Address of Principal Executive Offices) (Zip Code)

(619) 383-6600

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

_______________________________

Securities registered pursuant to Section 12(b) of the Act: None

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:

Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 7.01. Regulation FD Disclosure.

On February 17, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.  

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description
   
99.1 Press Release dated February 17, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 

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.

 

 Royale Energy, Inc.
   
  
Date: February 17, 2026By: /s/ Johnny Jordan        
  Johnny Jordan
  Chief Executive Officer
  

 

EXHIBIT 99.1

Royale Energy, Inc. Announces Strategic Initiatives To Enhance Shareholder Value And Position For Potential Nasdaq Relisting

SAN DIEGO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (“Royale” or the “Company”) (OTC: ROYL) today announced that its Board of Directors has initiated a comprehensive Strategic Review focused on strengthening the Company’s financial position, enhancing capital markets readiness, and positioning the Company for a potential relisting on a national exchange, subject to meeting applicable listing requirements and market conditions. Roth Capital Partners has been engaged as the Company’s financial advisor to lead this Strategic Review process.

This Strategic Review follows the recent appointment of Jonathan Gregory as Executive Chairman, who has been engaged to lead the initiative in collaboration with the Board and management team. Mr. Gregory brings deep experience in energy finance, asset acquisition, corporate governance, and capital markets strategy, and was appointed specifically to oversee this process.

As part of the Strategic Review, the Company is evaluating a range of strategic and capital markets alternatives designed to improve shareholder value, including balance sheet optimization, asset-level capital allocation strategies, and potential transactions that could support increased scale, liquidity, and institutional visibility.

Royale is currently quoted on OTCQB, is in compliance with all SEC reporting requirements, and was previously listed on the Nasdaq Capital Market.

The Company has not established a timetable for the completion of this review and does not intend to comment further unless and until a specific course of action is approved by the Board of Directors.

To inquire more about this process, please contact Roth Capital Partners at energy@roth.com

ABOUT ROYALE ENERGY, INC.

Royale Energy, Inc. is an independent oil and gas company engaged in the acquisition, development, and production of oil and natural gas properties, primarily in California and Texas. The Company seeks to enhance shareholder value through disciplined capital management, operational efficiency, and strategic asset development.

FORWARD LOOKING STATEMENT

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that may affect future results include, among others, commodity price volatility, regulatory changes, operational risks, capital market conditions, and the Company’s ability to meet Nasdaq listing requirements. Royale Energy undertakes no obligation to update forward-looking statements except as required by law.

CONTACT

Royale Energy, Inc.
For more information, please visit https://www.royl.com or contact Investor Relations at IR@royl.com. 619-383-6600

FAQ

What strategic review did Royale Energy (ROYL) announce in this 8-K?

Royale Energy announced a comprehensive Strategic Review aimed at strengthening its financial position and capital markets readiness. The review will examine balance sheet optimization, asset-level capital allocation, and potential transactions intended to improve shareholder value, scale, liquidity, and institutional visibility.

Is Royale Energy (ROYL) pursuing a Nasdaq relisting as part of this process?

Royale Energy stated it aims to position the company for a potential relisting on a national exchange, such as Nasdaq. Any relisting would depend on meeting applicable listing requirements and prevailing market conditions, and would follow from outcomes of the broader Strategic Review.

Who is advising Royale Energy (ROYL) on its Strategic Review?

Royale Energy engaged Roth Capital Partners as its financial advisor to lead the Strategic Review process. Roth will work with the Board and management to evaluate capital markets alternatives, balance sheet strategies, and potential transactions that could support enhanced scale and liquidity.

What role does Executive Chairman Jonathan Gregory have in Royale Energy’s review?

Jonathan Gregory was recently appointed Executive Chairman and is specifically engaged to oversee the Strategic Review. The company notes his experience in energy finance, asset acquisition, corporate governance, and capital markets strategy, and says he will lead the initiative with the Board and management.

Where is Royale Energy (ROYL) currently listed and what is its reporting status?

Royale Energy shares are currently quoted on the OTCQB market, and the company states it is in compliance with all SEC reporting requirements. It also notes that it was previously listed on the Nasdaq Capital Market before moving to its present OTCQB quotation.

Will Royale Energy (ROYL) provide ongoing updates about the Strategic Review?

Royale Energy has not set a timetable for completing the Strategic Review and does not intend to comment further until the Board approves a specific course of action. Future public communication would likely occur through additional SEC filings or press releases.

Filing Exhibits & Attachments

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Royale Energy

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ROYL Stock Data

3.86M
38.55M
Oil & Gas E&P
Energy
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United States
El Cajon