Imperial Petroleum falls on approving reverse stock split

Imperial Petroleum

26/04/2023 15:40

** Shares of Greece-based international shipping
transportation co Imperial Petroleum Inc  IMPP.O  down 14.1% at
$0.17 
    ** Co says board has approved 1-for-15 reverse split of its
common stock
    ** Stock will begin trading on a split-adjusted basis as of
the opening of trading on April 28
    ** Co has ~243.89 mln shares outstanding - Refinitiv 
    ** Including session's loss, stock is down 29.5% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))