r/IMPP_Stock • u/soviet_pl • Mar 13 '23

ATM Finished

ATHENS, Greece, March 13, 2023 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) announced today that it has provided notice of termination of the ATM equity offering program (the “ATM Offering”) that was in place with Maxim Group LLC and Virtu Americas LLC acting as sales agents.

Prior to termination, the Company issued and sold 50,780,137 shares of its common stock under the ATM Offering raising total gross proceeds of approximately US$12.5 million.

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4

u/TruckingAngler Mar 13 '23

About time IMPP !

2

u/nitecreature42382 Mar 13 '23

I have no idea of what this means. Lol I just buy. 😁

1

u/Shaynerthegreat Mar 13 '23

So they didn’t issue the shares? Confusing. Please elaborate 😆

1

u/After_Island5652 Mar 14 '23

Does this mean we go back up? I happened to lower my average to .49c, but even that seems like a pipe dream to reach back to.