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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. (Imperial Petroleum), a company incorporated in the Republic of the Marshall Islands, has filed a post-effective amendment to its Form F-1 on Form F-3 with the U.S. Securities and Exchange Commission (SEC) on April 19, 2024. This amendment is intended to convert the original registration statement on Form F-1 to a registration statement on Form F-3 and to update certain information in the prospectus related to the offering and sale of shares. The amendment follows the company's repurchase of 28,550,325 Class D Warrants prior to filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2023. The remaining Class D Warrants are exercisable for an aggregate of 173,334 shares of common stock on a split-adjusted...Show More
Imperial Petroleum Inc. (Imperial Petroleum), a company incorporated in the Republic of the Marshall Islands, has filed a post-effective amendment to its Form F-1 on Form F-3 with the U.S. Securities and Exchange Commission (SEC) on April 19, 2024. This amendment is intended to convert the original registration statement on Form F-1 to a registration statement on Form F-3 and to update certain information in the prospectus related to the offering and sale of shares. The amendment follows the company's repurchase of 28,550,325 Class D Warrants prior to filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2023. The remaining Class D Warrants are exercisable for an aggregate of 173,334 shares of common stock on a split-adjusted basis. No additional securities are being registered under this amendment, and all applicable registration fees were paid at the time of the initial filing. The amendment also reflects the 1-for-15 reverse stock split of the company's common stock that took place on April 28, 2023. The prospectus relates to the resale of up to 173,334 shares of common stock by selling stockholders, which may occur from time to time after the effective date of the registration statement. Imperial Petroleum will not receive any proceeds from the sale of the common stock by the selling stockholders. The company's common stock is traded on the Nasdaq Capital Market under the symbol 'IMPP.'

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