Imperial Petroleum Inc. (IMPP) Announces 1-for-15 Reverse Stock Split

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Imperial Petroleum Inc. Announces Reverse Stock Split

April 26, 2023 8:30 AM EDT

To be effective April 28, 2023

Aiming to meet the minimum bid price requirement for maintaining listing on Nasdaq

Shareholders percentage ownership interest will not be affected

ATHENS, Greece, April 26, 2023 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (the Company) (Nasdaq: IMPP) today announced that its board of directors has determined to effect a one-for-fifteen (1-for-15) reverse stock split of the Companys common stock, par value $0.01 per share.

The reverse stock split will take effect, and the Companys common stock will... More