Imperial Petroleum Inc (IMPP)

[SILVERSURFER4263]

On May 19, 2022, Imperial Petroleum Inc. (the “Company”) completed an underwritten public offering (the “Offering”) of 72,727,272 units for $0.55 per unit, each unit consisting of (i) one common share, par value $0.01 per share (a “Common Share”), of the Company or one pre-funded warrant in lieu of one common share and (ii) one Class C Warrant (a “Class C Warrant”) to purchase one Common Share at an exercise price of $0.55 per Common Share, and 10,909,090 additional Class C Warrants to purchase one Common Share at an exercise price of $0.55 per Common Share pursuant to the underwriters’ partial exercise of their over-allotment option. The Company also issued 1,818,181 representative’s purchase warrants to the representative of the underwriters to purchase up to an aggregate of 1,818,181 Common Shares at an exercise price of $0.6875 per share.