Imperial Petroleum prices 9.5M shares at $6.30 in registered direct offering

Imperial Petroleum (IMPP) entered into a securities purchase agreement with two institutional investors for the sale of 9,523,900 shares of the Company’s common stock and accompanying Class F warrants to purchase up to 9,523,900 shares of common stock and Class G warrants to purchase up to 9,523,900 shares of common stock at a combined purchase price of $6.30 per share and accompanying warrants. The Class F and Class G warrants will have an exercise price equal to $6.30, will be immediately exercisable, and will expire five years following the date of issuance. Gross proceeds for the Offering are expected to be approximately $60.0 million, before deducting commissions and offering expenses.Maxim Group is acting as the sole placement agent for the Offering. Imperial Petroleum currently intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering is expected to close on or about December 1, 2025, subject to the satisfaction of customary closing conditions.