INFORMATION CONTAINED IN THIS
FORM 6-K REPORT
On May 19, 2022, Imperial Petroleum Inc. (the Company) completed an
underwritten public offering (the Offering) of 72,727,272 units for $0.55 per unit, each unit consisting of (i) one common share, par value $0.01 per share (a Common Share), of the Company or one pre-funded warrant in lieu of one common share and (ii) one Class C Warrant (a Class C Warrant) to purchase one Common Share at an exercise price of $0.55 per Common Share, and 10,909,090
additional Class C Warrants to purchase one Common Share at an exercise price of $0.55 per Common Share pursuant to the underwriters partial exercise of their over-allotment option. The Company also issued 1,818,181 representatives
purchase warrants to the representative of the underwriters to purchase up to an aggregate of 1,818,181 Common Shares at an exercise price of $0.6875 per share.
The aggregate gross proceeds to the Company from the Offering, before underwriting discounts and commissions and estimated expenses payable by the Company,
were approximately $40.1 million.
Attached to this report on Form 6-K as Exhibit 1.1 is a copy of
the Underwriting Agreement dated May 16, 2022 between the Company and Maxim Group LLC, as representative of the underwriters listed on Schedule I therein.
Attached to this report on Form 6-K as Exhibit 4.1 is a copy of the Warrant Agency Agreement, dated
May 19, 2022, between the Company and American Stock Transfer & Trust Company, LLC.
Attached to this report on Form 6-K as Exhibit 4.2 is a copy of the form of Class C Warrant.
Attached to this report on Form 6-K as Exhibit 4.3 is a copy of the form of the Representatives Purchase Warrant.
Attached to this
report on Form 6-K as Exhibit 99.1 is a copy of the press release of the Company dated May 16, 2022 titled Imperial Petroleum Inc. Announces Pricing of $40 Million
Underwritten Public Offering.
As of May 19, 2022, 142,837,444 Common Shares and 795,878 8.75% Series A Cumulative Redeemable
Perpetual Preferred Shares were issued and outstanding, as well as Class A Warrants to purchase up to 43,000 Common Shares at an exercise price of $1.25 per share, Class B Warrants to purchase up to 42,952,000 Common Shares at an exercise
price of $1.60 per share, Class C Warrants to purchase up to 83,636,362 Common Shares at an exercise price of $0.55 per share, and representatives purchase warrants to purchase up to 552,000 Common Shares at an exercise price of $1.375
per share, 1,724,998 Common Shares at an exercise price of $2.00 per share, and 1,818,181 Common Shares at an exercise price of $0.6875 per share.
EXHIBIT INDEX
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1.1 |
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Underwriting Agreement, dated May 16, 2022, by and between the Company and Maxim Group LLC, as representative of the Underwriters listed on Schedule I therein. |
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4.1 |
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Warrant Agency Agreement, dated May 19, 2022, between the Company and American Stock Transfer & Trust Company, LLC |
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4.2 |
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Form of Class C Warrant |
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4.3 |
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Form of Representatives Purchase Warrant |
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99.1 |
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Press Release, dated May 16, 2022. |