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Athens, Greece - July 17, 2023 Imperial Petroleum Inc. (Nasdaq:IMPP) (the "Company") announced today that it has entered into an agreement to sell for $43 million the M/T Stealth Berana an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, to C3is Inc. Payment of 10% of the purchase price has been received, with the remaining balance due within one year following the vessel's delivery which took place on the 14th of July, 2023. The vessel is currently trading in the spot market. The transaction with C3is Inc., which is an affiliated company, was approved by the Company's audit committee comprising of independent directors. 
M/T "Stealth Berana". Image by Imperial Petroleum Inc. About Imperial Petroleum Inc.
The Company owns a total of nine vessels; five M.R. product tankers, two Suezmax tankers and two Handysize dry bulk carriers with a total capacity of 682,200 deadweight tons (dwt). Imperial Petroleum Inc.'s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP”, respectively. Imperial Petroleum Inc. Press Release 
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