Imperial Petroleum Inc. (IMPP) terminates ATM offering

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Go back to Imperial Petroleum Inc. (IMPP) terminates ATM offering

Imperial Petroleum Announces Termination of At-The-Market Equity Offering Program

March 13, 2023 4:45 PM EDT

ATHENS, Greece, March 13, 2023 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the Company) announced today that it has provided notice of termination of the ATM equity offering program (the ATM Offering) that was in place with Maxim Group LLC and Virtu Americas LLC acting as sales agents.

Prior to termination, the Company issued and sold 50,780,137 shares of its common stock under the ATM Offering raising total gross proceeds of approximately US$12.5 million.

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