Imperial Petroleum Announces Management Estimate of Net Asset Value Per Share

Core Viewpoint - Imperial Petroleum Inc. estimates its Net Asset Value (NAV) at $508.03 million as of September 30, 2025, translating to $11.38 per common share outstanding and $9.21 per common share on a fully diluted basis following a recent equity offering [1][3]. Company Overview - Imperial Petroleum Inc. is a ship-owning company that provides petroleum products, crude oil, and drybulk seaborne transportation services. The company currently owns 19 vessels with a total capacity of 1,195,000 deadweight tons (dwt) and has contracted to acquire additional vessels, which will increase the fleet to 26 vessels with an aggregate capacity of approximately 1.5 million dwt [5]. Shareholder Information - The largest stockholder, CEO and Chairman Harry Vafias, owns 13.45 million shares (30.1% of outstanding common stock) and 200,209 shares (25.2% of outstanding Series A Cumulative Redeemable Perpetual Preferred Stock). He has not sold any shares since the company's inception, indicating confidence in the company's prospects [2]. NAV Calculation - The estimated NAV is based on the market value of the fleet, investment in C3is Inc., and cash as of September 30, 2025, minus the liquidation value of outstanding preferred shares. It does not include agreements to acquire seven additional vessels made in August and December 2025 [3][4].