Imperial Petroleum Inc. Announces Pricing of $60.0 Million Registered Direct Offering

Core Points - Imperial Petroleum Inc. has entered into a securities purchase agreement with two institutional investors for the sale of 9,523,900 shares of common stock and accompanying Class F and Class G warrants at a combined purchase price of $6.30 per share, expecting gross proceeds of approximately $60.0 million [1][2] Group 1: Offering Details - The Offering includes Class F and Class G warrants, each with an exercise price of $6.30, immediately exercisable, and expiring five years after issuance [1] - The Offering is expected to close on or about December 1, 2025, subject to customary closing conditions [2] - The Offering is made pursuant to an effective shelf registration statement previously filed with the SEC [3] Group 2: Use of Proceeds - The net proceeds from the Offering are intended for working capital and general corporate purposes [2] Group 3: Company Overview - Imperial Petroleum Inc. is a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, owning a total of nineteen vessels with a capacity of 1,195,000 deadweight tons (dwt) [5] - The company has contracted to acquire an additional three drybulk carriers, which will increase its fleet to 22 vessels with an aggregate capacity of 1.4 million dwt [5] - The company's shares are listed on the Nasdaq Capital Market under the symbols "IMPP" and "IMPPP" [5]