(NASDAQ:IMPP) dropped 40% in the pre-market today on a $40million dollar offering. Can it Bounce?

Imperial Petroleum Announces Pricing of $40 Million Underwritten Public Offering

ATHENS, Greece, May 17, 2022 (GLOBE NEWSWIRE) — Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) announced today the pricing of an underwritten public offering of 72,727,272 units at a price of $0.55 per unit. Each unit consists of one share of common stock and one Class C warrant to purchase one share of common stock, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $40 million.

https://www.globenewswire.com/news-release/2022/05/17/2444462/0/en/Imperial-Petroleum-Announces-Pricing-of-40-Million-Underwritten-Public-Offering.html

RelatedNews

Signup today for free and be the first to get notified of breaking news.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SIGN UP FOR OUR NEWSLETTER

Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist