Imperial Petroleum Inc. (IMPP) Prices 72.73M Share Offering at $0.55/sh
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Imperial Petroleum Announces Pricing of $40 Million Underwritten Public Offering
May 16, 2022 8:05 PM EDTATHENS, 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... More
