Imperial Petroleum Inc. Announces All 13,875 Shares Of Its Series C Cumulative Convertible Perpetual Preferred Stock Have Been Converted By The Holder, Flawless Management Inc., Into 6,932,043 Shares Of The Company's Common Stock
Imperial Petroleum Inc. (NASDAQ:IMPP) (the "Company"), a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, today announced that all 13,875 shares of its Series C Cumulative Convertible Perpetual Preferred Stock (the "Series C Convertible Preferred Stock") have been converted by the holder, Flawless Management Inc., into 6,932,043 shares of the Company's Common Stock.