Imperial Petroleum Inc. Announces Conversion of Outstanding Series C Convertible Preferred Stock

January 19, 2024

https://www.globenewswire.com/news-release/2023/12/22/2800625/0/en/Imperial-Petroleum-Inc-Announces-Conversion-of-Outstanding-Series-C-Convertible-Preferred-Stock.html

ATHENS, Greece, Dec. 22, 2023 (GLOBE NEWSWIRE) — Imperial Petroleum Inc. (Nasdaq:IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, today announced that all 13,875 shares of its Series C Cumulative Convertible Perpetual Preferred Stock (the “Series C Convertible Preferred Stock”) have been converted by the holder, Flawless Management Inc., into 6,932,043 shares of the Company’s Common Stock.

Read more at globenewswire.com

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