Imperial Petroleum Inc.Announces the Beginning of Trading on the Nasdaq Capital Market

ATHENS, Greece, December 03, 2021 (GLOBE NEWSWIRE) – Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a shipping company providing petroleum products and crude oil shipping services, announced today hui that it completed its spin-off from StealthGas Inc., effective December 3, 2021. The common shares of the company, par value $ 0.01 per share, and 8.75% of series cumulative redeemable perpetual preferred shares A, par value $ 0.01 per share, liquidation preference $ 25.00 per share, will begin trading on Monday, December 6, 2021 on the Nasdaq Capital Market under the ticker symbols “IMPP” and “IMPPP”, respectively.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and does not constitute an offer, solicitation or sale of securities in any state or jurisdiction where such an offer, solicitation or sale would be. illegal. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective. A prospectus can be obtained from the Company.

Imperial Petroleum Inc. is a ship-owning company that provides marine transportation services for petroleum products and crude oil. The Company owns three MR tankers and one Aframax tanker with a total capacity of 255,804 deadweight tonnes (dwt). The common shares of Imperial Petroleum Inc. and the 8.75% Cumulative Perpetual Redeemable Preferred Shares Series A are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP”, respectively.

Forward-looking statements
The matters discussed in this press release may constitute forward-looking statements. Forward-looking statements reflect our current views regarding future events and financial performance and may include statements regarding future plans, objectives, goals, strategies, events or performance, or the impact or duration of the COVID-19 pandemic and underlying assumptions and other statements, which are other than statements of historical fact. The forward-looking statements contained in this press release are based on various assumptions, many of which, in turn, are based on other assumptions, including, without limitation, management’s review of historical operating trends, data contained in our records and other data available from third parties. Although IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when formulated, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. can not assure you that it will realize or fulfill those expectations, beliefs or projections. Significant factors which, in our opinion, could cause actual results to differ materially from those discussed in forward-looking statements include the risks discussed in our documents filed with the SEC and the following: the impact of the pandemic of COVID-19 and efforts across the world to contain its spread, strength of global economies and currencies, general market conditions including changes in charter rental rates and vessel values, performance charter counterparts, changes in demand that may affect the attitude of time charterers towards scheduled and unplanned dry docks, shipyard performance, changes in IMPERIAL’s operating expenses PETROLEUM INC, including bunker prices, dry docking and insurance costs, the ability to obtain financing and comply with covenants s of our funding agreements, or actions taken by regulatory authorities, potential liability for pending or future litigation, national and international policies conditions, potential disruption of shipping routes due to accident s and political events or acts terrorists.

Company details :

Fenia Sakellaris
Email: [email protected]

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