Imperial Petroleum Inc. Announces Adjournment of Annual Meeting of Stockholders
14 September 2022 - 11:25PM
Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) today
announced that the Annual Meeting of Shareholders of the Company
convened on September 14, 2022 has been adjourned, due to lack of
requisite quorum, to Thursday, October 13, 2022 at 11:00 a.m. Greek
local time at the Company’s offices at 331 Kifissias Avenue,
Erithrea 14561 in Athens, Greece. The record date for the adjourned
annual meeting continues to be July 22, 2022.
The Company adjourned the Meeting for the purpose of allowing
additional time for shareholders to vote on the proposals as set
forth in the Company’s proxy statement for the Meeting, dated
August 3, 2022 (the “Proxy Statement”), which remains unchanged,
and to seek to obtain a quorum.
The business scheduled for the re-convened Meeting remains the
same as set forth in the Proxy Statement, which is: Proposal 1, the
election of one director to hold office until the annual meeting of
stockholders in 2025 and such director’s successor has been duly
elected and qualified; Proposal 2, ratification of the appointment
of our independent auditors; and to transact such other business as
may properly come before the adjourned 2022 Annual Meeting and any
further adjournments or postponements thereof.
All stockholders of record as of July 22, 2022, who have
not already done so are encouraged to vote on the
proposals. Stockholders who have previously
submitted a proxy or otherwise voted do not need to take any action
and all previously submitted proxies will be voted at the adjourned
annual meeting unless properly revoked.
ABOUT IMPERIAL PETROLEUM INC.
Imperial Petroleum Inc. is a ship-owning company providing
petroleum products, crude oil and drybulk seaborne transportation
services. The Company owns a total of 8 vessels; five M.R. product
tankers, one Aframax oil tanker and two suezmax tankers and has
entered into an agreement to acquire two handysize dry bulk
carriers. Following the delivery of these dry bulk vessels,
Imperial Petroleum’s fleet will count 10 vessels with a capacity of
approximately 737,000 deadweight tons (dwt). Imperial
Petroleum Inc.’s shares of common stock and 8.75% Series A
Cumulative Redeemable Perpetual Preferred Stock are listed on the
Nasdaq Capital Market and trade under the symbols “IMPP” and
“IMPPP”, respectively.
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking
statements. Forward-looking statements reflect our current views
with respect to future events and financial performance and may
include statements concerning plans, objectives, goals, strategies,
future events or performance, or impact or duration of
the COVID-19 pandemic and underlying assumptions and
other statements, which are other than statements of historical
facts. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, management’s
examination 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 made, 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. cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections. Important
factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements
include risks discussed in our filings with the SEC and the
following: the impact of the COVID-19 pandemic and
efforts throughout the world to contain its spread, the strength of
world economies and currencies, general market conditions,
including changes in charter hire rates and vessel values, charter
counterparty performance, changes in demand that may affect
attitudes of time charterers to scheduled and unscheduled
drydockings, shipyard performance, changes in IMPERIAL PETROLEUM
INC’s operating expenses, including bunker prices, drydocking and
insurance costs, ability to obtain financing and comply with
covenants in our financing arrangements, or actions taken by
regulatory authorities, potential liability from pending or future
litigation, domestic and international political conditions, the
conflict in Ukraine and related sanctions, potential disruption of
shipping routes due to accidents and political events or acts by
terrorists.
Risks and uncertainties are further described in reports filed
by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange
Commission.
Company Contact:
Fenia SakellarisIMPERIAL PETROLEUM INC.00-30-210-6250-001
Imperial Petroleum (NASDAQ:IMPP)
Historical Stock Chart
From Apr 2024 to May 2024
Imperial Petroleum (NASDAQ:IMPP)
Historical Stock Chart
From May 2023 to May 2024