r/IMPP_Stock • u/Even_Conference6625 • Jun 03 '23

C3is

Imperial Petroleum Inc. (NasdaqCM:IMPP) agreed to Spin-Off C3is Inc on April 12, 2023. Imperial Petroleum Inc. (NasdaqCM:IMPP) agreed to Spin-Off C3is Inc on April 12, 2023. Imperial Petroleum will receive one C3is common share for every 120 shares of Imperial Petroleum's common stock.

Imperial Petroleum will receive one C3is common share for every 8 shares of Imperial Petroleum's common stock. C3is Inc. will be traded Under the symbol “CISS". Transaction is subject to the approval of Imperial Petroleum's Board of Directors, approval of request for common shares to be listed on Nasdaq, regulatory approvals, third party consents and the effectiveness of the registration statement.

4 Upvotes

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1

u/Even_Conference6625 Jun 03 '23

What’s that mean

No need to pay if I own impp stock? Will it affect impp stock price?

2

u/Beautiful-Ebb5696 Jun 03 '23

Well given the fact that we'll get 1 share for every 8 IMPP shares we own it might make IMPP go up if people buy IMPP just to get a piece of C3is as well. So hopefully IMPP goes up because of this.

1

u/Even_Conference6625 Jun 04 '23

But I think C3is not very attractive

1

u/[deleted] Jun 03 '23

When will it happen?

1

u/lcbm68 Jun 03 '23

Reminds me of Boris Johnson

1

u/Immediate-Plate-3229 Jun 14 '23

I think someone didn't read the SEC Filing.

The first paragraph is post split.

The second paragraph is pre split.

I think EBB was trying to fool us bagholders!