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Imperial Petroleum Inc (IMPP)

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Last Post: 5/20/2022 11:32:35 AM - Followers: 68 - Board type: Free - Posts Today: 18


Imperial Petroleum is an international shipping transportation company specialized in the transportation of various petroleum and petrochemical products in liquefied form. Our executive offices are located in 331 Kifisias Avenue, Kifisia, Greece. 

Our Business Strategy

Our business strategy is focused on providing consistent stockholder returns by timing and structuring acquisitions of vessels and by reliably, safely and efficiently operating our vessels. We continuously evaluate purchase and sale opportunities, as well as employment opportunities for our vessels. Key elements of the above strategy are:



Renew and Expand our Fleet. We expect to grow our fleet in a disciplined manner through timely and selective acquisitions of quality vessels. We perform in-depth technical and condition assessment review of each potential acquisition and only purchase vessels as market opportunities present themselves. We focus on purchasing secondhand vessels, newbuildings or newbuilding resales based on the evaluation of each investment option at the time it is made.



Optimize Charter Mix. In the current product tanker and crude oil tanker charter market, we are mainly focusing on short to medium term charters, including time and bareboat charters, of one or two years. As the charter market changes and we grow our fleet, we may continue to adjust our chartering strategy to include longer duration term charters or a higher percentage of spot market charters. We seek to




Table of Contents

charter our vessels to high quality charterers as we have done in the past such as national and independent oil companies, energy traders and industrial companies.



Operate a High Quality Fleet. Our primary focus is the operation of medium and large-sized product tankers and crude oil tankers, and as we grow our fleet in the future potentially add vessels in other seaborne transportation sectors that we assess as exhibiting favorable market conditions. We believe that owning a high quality fleet reduces operating costs, improves safety and provides us with a competitive advantage in securing favorable charters. We limit our acquisition of vessels to those that meet rigorous industry standards and that are capable of meeting the stringent certification requirements of major oil companies. We maintain the quality of our vessels by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel.



Maintain Financial Flexibility. We intend to use bank debt to partially fund our further vessel acquisitions and which we hope will increase financial returns for our stockholders. We intend to manage our balance sheet to maintain an adequate level of liquidity and actively assess the level and maturity profile of debt we incur in light of the level of cash flow generated from our chartering strategy and our efficient operating cost structure. We have moderate leverage which we believe will well position us to obtain additional financing and grow our fleet by pursuing selective acquisitions.


As of March 28, 2022, we had raised $27 million in total net proceeds, after underwriting discounts, from our first public offering in February 2022 and $64 million in total net proceeds, after underwriting discounts, from our second public offering in March 2022.

In March 2022, we entered into agreements to acquire two MR product tankers from a related party for an aggregate price of $31 million; the first vessel was delivered on March 28, 2022 and the second will be delivered by the end of May 2022.

Declaration of a dividend on our 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock ($0.546875 per preferred share) payable on March 30, 2022 to holders of record on March 25, 2022.

Current Price
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IMPP News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 05/19/2022 01:27:39 PM
IMPP News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 05/19/2022 01:22:46 PM
IMPP News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 05/19/2022 01:18:56 PM
IMPP News: Imperial Petroleum Announces Closing of $40 Million Underwritten Public Offering 05/19/2022 12:20:00 PM
IMPP News: Prospectus Filed Pursuant to Rule 424(b)(4) (424b4) 05/18/2022 01:07:55 PM
News News Alert: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 05/19/2022 01:27:39 PM
#1533  Sticky Note ,,,,,,,Another offering??? JUST CRIMINAL THEMASTERS_SON 05/17/22 06:22:31 PM
#1660   OTC is like the club get her at frugallife 05/20/22 11:32:35 AM
#1659   Double bottom on watch sharky 05/20/22 11:27:21 AM
#1658   so i guess maxim scammed many at 1.60 betterdaysaheadotc 05/20/22 11:23:15 AM
#1657   One would hope yet here we are. JB3136 05/20/22 10:40:09 AM
#1656   praying for a pump next week as makes betterdaysaheadotc 05/20/22 10:38:19 AM
#1655   It appears to be nothing but a share JB3136 05/20/22 10:30:58 AM
#1654   fake tankers? fake 40 million raised at 55 cents? betterdaysaheadotc 05/20/22 10:24:58 AM
#1653   NOW DO yall believe this is a fake frugallife 05/20/22 10:20:42 AM
#1652   LOW VOLUME SHORT ATTACK IS RELENTLESS........there are no betterdaysaheadotc 05/20/22 09:51:18 AM
#1651   watching this and muln get shorted to death betterdaysaheadotc 05/20/22 09:48:43 AM
#1650   They don't and it makes me wonder just JB3136 05/20/22 09:44:34 AM
#1649   can someone explain if offering was at 55 betterdaysaheadotc 05/20/22 09:40:34 AM
#1648   This stock is hell bent on destroying all JB3136 05/20/22 09:36:33 AM
#1647   what a crooked game wall street is betterdaysaheadotc 05/20/22 09:35:14 AM
#1646   short squeeze to 1.50 next weeks on huge betterdaysaheadotc 05/20/22 08:47:44 AM
#1645   I agree, IMPP ready to rock diskman 05/20/22 08:29:06 AM
#1644   ???????? betterdaysaheadotc 05/20/22 07:33:35 AM
#1643   rut roe raggy !! Smilin_B 05/20/22 04:51:52 AM
#1642   https://finance.yahoo.com/news/imperial-petroleum-announces-closing-40-202000044 betterdaysaheadotc 05/19/22 08:32:07 PM
#1641   impp mms are dirty betterdaysaheadotc 05/19/22 06:49:35 PM
#1640   Sam @sammukhtar · 2h $IMPP ready to double. betterdaysaheadotc 05/19/22 06:49:09 PM
#1639   can someone explain if offering was at 55 betterdaysaheadotc 05/19/22 06:46:30 PM
#1638   AND NEWS ON 4TH OR 5TH TANKER DELIVERY!!! betterdaysaheadotc 05/19/22 06:43:31 PM
#1637   Agree, I’m expecting news very soon, hopefully Monday FROZENFLAME 05/19/22 06:35:50 PM
#1636   WOULD BE NICE OF HARRY AS HES FLUSH betterdaysaheadotc 05/19/22 06:25:01 PM
#1635   I WANT 1-1.50! betterdaysaheadotc 05/19/22 06:24:29 PM
#1634   GOING UP IN NEXT FEW DAYS TO A betterdaysaheadotc 05/19/22 06:09:53 PM
#1633   55 cents and 68 cents...so how the fukk betterdaysaheadotc 05/19/22 06:02:55 PM
#1632   On May 19, 2022, Imperial Petroleum Inc. (the betterdaysaheadotc 05/19/22 06:02:24 PM
#1631   Now they have about $112 million after these FROZENFLAME 05/19/22 04:53:38 PM
#1630   Agreed let’s hope it goes to 9.70$ again lol vinsterr 05/19/22 04:50:46 PM
#1629   I think it will have a nice bounce, FROZENFLAME 05/19/22 04:42:04 PM
#1628   Seems the price is not moving much with vinsterr 05/19/22 04:37:59 PM
#1627   Offering is close, let’s go . FROZENFLAME 05/19/22 04:25:02 PM
#1626   https://twitter.com/mtw8888/status/1527336085851758599 betterdaysaheadotc 05/19/22 01:12:29 PM
#1625   GREEN GREEN GREEN AT LAST betterdaysaheadotc 05/19/22 12:36:35 PM
#1624   This baby going to run like a cheetah diskman 05/19/22 12:13:26 PM
#1623   OFFERING .55 APPEARS DONE ...LOOKING FOR A RUN betterdaysaheadotc 05/19/22 11:47:32 AM
#1622   pr that offerings closed should come by tommorrow...thn betterdaysaheadotc 05/19/22 10:12:48 AM
#1621   OFFERING .55 APPEARS DONE OR CLOSE...LOOKING FOR A betterdaysaheadotc 05/19/22 10:06:21 AM
#1620   https://twitter.com/Ironman510/status/1527278064995950592 betterdaysaheadotc 05/19/22 09:24:07 AM
#1619   Our Business Strategy betterdaysaheadotc 05/19/22 09:16:54 AM
#1618   1.60 LAST OFFERING betterdaysaheadotc 05/19/22 09:06:12 AM
#1617   the MMS here are just swapping shares being betterdaysaheadotc 05/19/22 09:01:45 AM
#1616   look at strike prices betterdaysaheadotc 05/19/22 09:00:51 AM
#1615   real tankers---real company betterdaysaheadotc 05/19/22 08:58:46 AM
#1614   $IMPP offering closes today 3 offering since ipo betterdaysaheadotc 05/19/22 08:57:13 AM
#1613   .4629...then shorted/undercut..crazy..how thin is this float? betterdaysaheadotc 05/19/22 08:55:54 AM
#1612   OPERATIONAL AND FINANCIAL HIGHLIGHTS1 betterdaysaheadotc 05/19/22 08:40:15 AM
#1611   100 share short gambit....come on news!! betterdaysaheadotc 05/19/22 08:35:54 AM
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