Imperial Petroleum Inc. announced today: Delivery of Vessel On September 21, 2022 it took delivery of a 2011 Japanese built dry bulk carrier the Eco Bushfire for a consideration of $20.5 million. Closing of Debt Financing The Company also announces the closing and drawdown by two of its product tanker ship owning subsidiaries of a new $17.0 million term loan facility. This facility will be repayable in sixteen consecutive [...]
Imperial Petroleum Inc. a ship-owning company currently providing petroleum product and crude oil seaborne transportation services, today announced a dividend of approximately $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock , payable on September 30, 2022 to holders of record as of September 27, 2022. The dividend payment relates to the period from the last dividend payment date [...]
Imperial Petroleum Inc. today announced that the Annual Meeting of Shareholders of the Company convened on September 14, 2022 has been adjourned, due to lack of requisite quorum, to Thursday, October 13, 2022 at 11:00 a.m. Greek local time at the Company's offices at 331 Kifissias Avenue, Erithrea 14561 in Athens, Greece. The record date for the adjourned annual meeting continues to be July 22, 2022. The Company adjourned [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter ended June 30, 2022. In November 2021, StealthGas Inc. contributed to the Company four subsidiaries comprising a fleet of four tanker vessels. The Company was spun-off from StealthGas Inc. in December [...]
Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services announced today that it will release its second quarter and six months' financial results for the period ended June 30, 2022 before the market opens in New York on July 27, 2022. On July 27, 2022 at 11:00 am ET, the company's management will host a conference call to discuss the results and the [...]
Imperial Petroleum Inc. announced today that it has received written notification from The Nasdaq Stock Market dated June 17, 2022, indicating that because the closing bid price of the Company's common stock for 30 consecutive business days, from May 5, 2022 to June 16, 2022, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum product and crude oil seaborne transportation services, today announced a dividend of approximately $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock , payable on June 30, 2022 to holders of record as of June 27, 2022. The dividend payment relates to the period from the last dividend payment date for the Series A [...]
Imperial Petroleum Inc. , the "Company"), a ship-owning company providing petroleum product and crude oil seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2022. OPERATIONAL AND FINANCIAL HIGHLIGHTS As of June 10, 2022, we had raised $135 million in total net proceeds, after underwriting discounts, from our public offerings. In addition [...]
Imperial Petroleum Inc. announced today that it has entered into an agreement to acquire two suezmax tankers, built at Hyundai Samho in 2007 and at Samsung Heavy Industries in 2008, with an aggregate capacity of approximately 320,000 dwt, from an unaffiliated third party for an aggregate purchase price of $46.8 million, with delivery expected by mid- June 2022. The Company expects to finance the purchase price with [...]
Imperial Petroleum Inc. announced today the closing of an underwritten public offering of 72,727,272 units at a price of $0.55 per unit. Each unit consisted of one share of common stock and one Class C warrant to purchase one share of common stock, and immediately separated upon issuance. In addition, the Company granted the underwriter a 45-day option to purchase up to an additional 10,909,090 shares of common stock [...]
Imperial Petroleum Inc. 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 [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum product and crude oil seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2021. These financial results were based on the accounts of Imperial Petroleum Inc. and its wholly owned subsidiaries which were prepared using the historical carrying costs of [...]