share_log

Imperial Petroleum | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Imperial Petroleum Inc.(67.9%)

SEC announcement ·  Jan 25 05:20
Summary by Futu AI
Imperial Petroleum Inc. filed an amendment to its Schedule 13D with the SEC on January 24, 2024, detailing changes in its beneficial ownership of C3is Inc. common stock. The amendment, which follows the original filing on July 28, 2023, reflects an adjustment in the conversion price of Series A Convertible Preferred Stock after a registered public offering by C3is Inc. on January 23, 2024. As a result, Imperial Petroleum now beneficially owns 60,000,000 shares, representing 67.9% of C3is Inc., based on the adjusted conversion price of $0.25 per share. The filing also notes that Harry N. Vafias, CEO of Imperial Petroleum, is the Non-Executive Chairman of C3is Inc. and owns 871,889 shares of common stock. Directors John Kostoyannis and George Xiradakis of Imperial Petroleum also hold positions and shares in C3is Inc. The report indicates that Imperial Petroleum may engage in future transactions involving C3is Inc. securities, which will be determined by a review of various factors including the company's performance, market conditions, and investment opportunities.
Imperial Petroleum Inc. filed an amendment to its Schedule 13D with the SEC on January 24, 2024, detailing changes in its beneficial ownership of C3is Inc. common stock. The amendment, which follows the original filing on July 28, 2023, reflects an adjustment in the conversion price of Series A Convertible Preferred Stock after a registered public offering by C3is Inc. on January 23, 2024. As a result, Imperial Petroleum now beneficially owns 60,000,000 shares, representing 67.9% of C3is Inc., based on the adjusted conversion price of $0.25 per share. The filing also notes that Harry N. Vafias, CEO of Imperial Petroleum, is the Non-Executive Chairman of C3is Inc. and owns 871,889 shares of common stock. Directors John Kostoyannis and George Xiradakis of Imperial Petroleum also hold positions and shares in C3is Inc. The report indicates that Imperial Petroleum may engage in future transactions involving C3is Inc. securities, which will be determined by a review of various factors including the company's performance, market conditions, and investment opportunities.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.