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

Related news for (IMPPP)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.