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

SEC announcement ·  Apr 19 10:09
Summary by Moomoo AI
Imperial Petroleum Inc., a company incorporated in the Republic of the Marshall Islands, has filed a post-effective amendment to its Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on April 19, 2024. This amendment updates the original registration statement, which became effective on May 16, 2022, to include the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2023. The amendment relates to the exercise of remaining Class C Warrants, exercisable for an aggregate of 1,347,267 shares of common stock, and the warrants issued to the underwriters' representative. The registration fee for this filing was paid previously on May 4, 2022. The company has completed a 1-for-15 reverse stock split on April 28, 2023. The prospectus covers up to 1,347,267 common...Show More
Imperial Petroleum Inc., a company incorporated in the Republic of the Marshall Islands, has filed a post-effective amendment to its Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on April 19, 2024. This amendment updates the original registration statement, which became effective on May 16, 2022, to include the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2023. The amendment relates to the exercise of remaining Class C Warrants, exercisable for an aggregate of 1,347,267 shares of common stock, and the warrants issued to the underwriters' representative. The registration fee for this filing was paid previously on May 4, 2022. The company has completed a 1-for-15 reverse stock split on April 28, 2023. The prospectus covers up to 1,347,267 common shares upon the exercise of outstanding Class C Warrants and 139,394 shares upon the exercise of the underwriters' representative warrants. The Class C Warrants have an exercise price of $8.25 per share and expire on May 19, 2027, while the representative's warrants have an exercise price of $10.3125 per share, expiring on May 16, 2027. Imperial Petroleum's common stock is traded on the Nasdaq Capital Market under the symbol 'IMPP'. The company is considered an 'emerging growth company' and may elect to comply with reduced public company reporting requirements.
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