Imperial Petroleum Inc. (NASDAQ:IMPP) Closes $40 Million Underwritten Public Offering

May 20, 2022

Imperial Petroleum Inc. (NASDAQ: IMPP) is in focus after announcing the closing of a $40M underwritten public offering for 72.72 million units at $0.55 per unit. Each unit comprises a common share and a Class C warrant to acquire one common share and separated immediately after issuance. Trading Data On Thursday, IMPP stock fell 2% to $0.4553 with more than 32.19 million shares, compared to a volume of 49.56 million…

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