Brief: StealthGas Reports Filing Of Registration Statement Relating To Proposed Spin-Off Of Tanker Vessels

StealthGas

05/11/2021 22:29

Nov 5 (Reuters) - StealthGas Inc  GASS.O :
    * STEALTHGAS INC. ANNOUNCES FILING OF REGISTRATION STATEMENT
RELATING TO PROPOSED SPIN-OFF OF TANKER VESSELS
    * STEALTHGAS - THROUGH UNIT, IT HAS FILED REGISTRATION
STATEMENT
ON FORM F-1 TO EFFECT A SPIN-OFF OF ITS THREE PRODUCT TANKERS
AND ITS AFRAMAX TANKER
    * STEALTHGAS INC - IMPERIAL PETROLEUM INC., NEWLY FORMED
SUBSIDIARY THAT WILL ACT AS HOLDING COMPANY FOR FOUR TANKER
VESSELS
    * STEALTHGAS INC - IN CONNECTION WITH SPIN-OFF TRANSACTION,
COMPANY WILL CONTRIBUTE FOUR VESSEL-OWNING SUBSIDIARIES TO
IMPERIAL PETROLEUM INC
    * STEALTHGAS INC - WILL DISTRIBUTE ALL OF COMMON SHARES AND
SERIES
A PREFERRED SHARES OF IMPERIAL PETROLEUM INC. TO COMPANY'S
SHAREHOLDERS
    * STEALTHGAS INC - TRANSACTION IS EXPECTED TO BE COMPLETED
IN OR
AROUND BEGINNING OF DECEMBER 2021
    * STEALTHGAS INC - IMPERIAL PETROLEUM INC. HAS APPLIED TO
HAVE ITS
COMMON SHARES AND SERIES A PREFERRED SHARES LISTED ON NASDAQ
CAPITAL MARKET

Source text for Eikon:  ID:nGNX65tZdy 
Further company coverage:  GASS.O 

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