IMPPP - Imperial Petroleum Inc. Announces Repurchase of 2.58 Million Warrants | Benzinga
ATHENS, Greece, Oct. 09, 2023 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ:IMPP, the "Company")), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today that it has agreed to repurchase 1,480,001 Class C Warrants and 1,100,003 Class D Warrants from certain institutional investors for an aggregate purchase price of approximately $0.62 million.
About Imperial Petroleum Inc.
IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of eleven vessels: nine vessels in the water - five M.R. product tankers, two suezmax tankers and two handysize dry bulk carriers with a total capacity of 628,000 deadweight tons (dwt) and two additional tankers, one aframax and one product tanker which will be delivered up until the end of January 2024. Following these deliveries, the Company will own a fleet with an aggregate ...