$Imperial Petroleum Inc(IMPP)$

ATHENS, Greece, May 17, 2022 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) announced today the pricing of an underwritten public offering of 72,727,272 units at a price of $0.55 per unit. Each unit consists of one share of common stock and one Class C warrant to purchase one share of common stock, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $40 million.

The Company intends to use the net proceeds of the offering for capital expenditures, including acquisitions of additional vessels which we have not yet identified, which may include vessels in seaborne transportation sectors other than the product and crude tanker sectors in which we currently operate, and for other general corporate purposes.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leefh888
2022-05-17
Leefh888
Averaging at this low price dyodd[Smile]
- Nasbhai:
  That’s the best move.
PhilipAhuat
2022-05-17
PhilipAhuat
Hello Nasbhai. So at the lower price can buy ?? Or it will become worthless ?
- Nasbhai:
  I did my own DD and triple the volume to DCA. Tough to break even if no DCA is done at this stage.
Ann1228
2022-05-18
Ann1228
Ok
Wizzy
2022-05-18
Wizzy
ok
NG1970
2022-05-18
NG1970
cut
Colin1976
2022-05-18
Colin1976
👍🏻

Leave a comment

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Tough to break even if no DCA is done at this stage. ","text":"I did my own DD and triple the volume to DCA. Tough to break even if no DCA is done at this stage. ","html":"I did my own DD and triple the volume to DCA. Tough to break even if no DCA is done at this stage. 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