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POS AM: Post-effective amendment to a registration statement that is not immediately effective upon filing

SEC announcement ·  Apr 19 09:24
Summary by Moomoo AI
Imperial Petroleum Inc., a company incorporated in the Republic of the Marshall Islands, has filed a post-effective amendment with the U.S. Securities and Exchange Commission (SEC) on April 19, 2024. This amendment updates the company's prior registration statements, which became effective on January 31, 2022, and incorporates by reference the company's Annual Report for the fiscal year ended December 31, 2023. The amendment relates to the exercise of remaining Class A Warrants and warrants issued to the underwriters' representative from the previously completed underwritten offering. The Class A Warrants are exercisable for an aggregate of 2,867 shares of common stock on a split-adjusted basis, and the underwriters' warrants are exercisable for 36,800 shares. The amendment reflects the 1-for-15 reverse stock split effected on...Show More
Imperial Petroleum Inc., a company incorporated in the Republic of the Marshall Islands, has filed a post-effective amendment with the U.S. Securities and Exchange Commission (SEC) on April 19, 2024. This amendment updates the company's prior registration statements, which became effective on January 31, 2022, and incorporates by reference the company's Annual Report for the fiscal year ended December 31, 2023. The amendment relates to the exercise of remaining Class A Warrants and warrants issued to the underwriters' representative from the previously completed underwritten offering. The Class A Warrants are exercisable for an aggregate of 2,867 shares of common stock on a split-adjusted basis, and the underwriters' warrants are exercisable for 36,800 shares. The amendment reflects the 1-for-15 reverse stock split effected on April 28, 2023, and states that all applicable registration fees were paid with the original filings. Imperial Petroleum's common stock is traded on the Nasdaq Capital Market under the symbol 'IMPP.' The company is also an emerging growth company and has elected not to use the extended transition period for complying with new or revised financial accounting standards.

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