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Imperial Petroleum Inc. (IMPP) Receives Nasdaq Non-Compliance Notice

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Imperial Petroleum Announces Receipt of Nasdaq Notice

June 24, 2022 4:30 PM EDT

ATHENS, Greece, June 24, 2022 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the Company) announced today that it has received written notification from The Nasdaq Stock Market (Nasdaq) dated June 17, 2022, indicating that because the closing bid price of the Companys 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 with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until... More