2023-06-21 17:13:36 ET
Imperial Petroleum ( NASDAQ: IMPP ) said Wednesday it has completed the spin-off of its previously wholly-owned subsidiary, C3is Inc., the holding company for two drybulk carriers, effective June 21, 2023.
The company will retain an interest in C3is through its ownership of Series A convertible preferred stock of C3is, which was not distributed in the spin-off.
C3is shares will commence trading on Thursday, June 22, 2023, on the Nasdaq under the ticker symbol "CISS".
For further details see:
Imperial Petroleum completes spin-off of C3is