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Wexford entities and two principals report shared beneficial ownership of 1,681,866 shares of Imperial Petroleum Inc. The filing is Amendment No. 1 to a Schedule 13G and shows that Wexford Capital LP, Wexford GP LLC, Charles E. Davidson and Joseph M. Jacobs together share voting and dispositive power over these shares, representing 1,681,866 shares or 4.83% of the 34,844,629 shares outstanding (per the issuer's Form 6-K). The reporting persons state the holdings are not for the purpose of changing or influencing control and disclaim beneficial ownership except to the extent of pecuniary interest. The filing includes signatures dated 09/29/2025 and lists the reporting persons' principal business address.
Positive
Transparent disclosure of shared voting and dispositive power over 1,681,866 shares (4.83% of outstanding stock)
Explicit statement that the holdings are not intended to change or influence control, consistent with passive reporting
Negative
None.
Insights
TL;DR: Wexford reports a non-controlling 4.83% stake in Imperial Petroleum, disclosed as shared voting and dispositive power.
The filing shows Wexford-affiliated funds hold 1,681,866 shares, amounting to 4.83% of outstanding stock based on the issuer's reported share count. Because the stake is below 5% and the reporting persons explicitly disclaim an intent to influence control, the market-impact is likely limited. The disclosure improves transparency about who holds a measurable minority position and clarifies the governance relationship among Wexford Capital, Wexford GP and two named individuals.
TL;DR: This is a routine Schedule 13G amendment disclosing shared authority, with no apparent control intent.
The amendment explains why multiple Wexford entities and principals are filing jointly and clarifies shared voting and dispositive power over the securities held by Wexford Funds. The certification states the shares were not acquired to change or influence control, consistent with a passive investor filing under Rule 13d-1. For governance monitoring, investors should note the shared power even though the position remains under the 5% reporting threshold for control presumptions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Imperial Petroleum (IMPP) shares do the Wexford reporting persons beneficially own?
They report beneficial ownership of 1,681,866 shares, representing 4.83% of 34,844,629 shares outstanding.
Which entities and individuals filed the Schedule 13G/A for IMPP?
The filing was made jointly by Wexford Capital LP, Wexford GP LLC, Charles E. Davidson, and Joseph M. Jacobs.
Do the Wexford reporting persons claim control of Imperial Petroleum?
No; the filing includes a certification that the securities were not acquired to change or influence control and the reporters disclaim beneficial ownership except for pecuniary interests.
What voting and dispositive powers are reported in the 13G/A?
The reporting persons state 0 sole voting/dispositive power and 1,681,866 shared voting and shared dispositive power.
On what share count is the 4.83% calculation based?
The percentage is based on 34,844,629 shares outstanding as reported by the issuer in a Form 6-K dated August 29, 2025.
Wexford Capital LP, Wexford GP LLC, Charles E. Davidson and Joseph M. Jacobs (collectively, the "Reporting Persons") are hereby jointly filing this Amendment No. 1 to the Schedule 13G filed on May 7, 2025 because such Reporting Persons may be deemed to beneficially own the same securities named in Item 1 by certain Wexford Funds (as defined below) due to certain affiliations among the Reporting Persons.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of the Reporting Persons is c/o Wexford Capital LP, 777 South Flagler Drive, Suite 602 East, West Palm Beach, FL 33401.
(c)
Citizenship:
Each of Wexford Capital LP and Wexford GP LLC are formed in Delaware. Each of Charles E. Davidson and Joseph M. Jacobs are United States citizens.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
Y3894J187
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Wexford Capital LP ("Wexford Capital") may, by reason of its status as (i) sub-advisor of each of Wexford Spectrum Trading Limited ("WST") and Wexford Catalyst Trading Limited ("WCT") and (ii) investment manager of Wexford Focused Trading Limited ("WFT", and together with WST and WCT, the "Wexford Funds"), be deemed to own beneficially the securities held by the Wexford Funds. Wexford GP LLC ("Wexford GP") may, as the General Partner of Wexford Capital, be deemed to own beneficially the securities held by the Wexford Funds. Each of Charles E. Davidson ("Davidson") and Joseph M. Jacobs ("Jacobs") may, by reason of his status as a controlling person of Wexford GP, be deemed to own beneficially the securities held by the Wexford Funds. Each of Wexford Capital, Wexford GP, Davidson and Jacobs share the power to vote and to dispose of the securities beneficially owned by the Wexford Funds. Each of Wexford Capital, Wexford GP, Davidson and Jacobs disclaim beneficial ownership of the securities held by the Wexford Funds and this report shall not be deemed as an admission that they are the beneficial owners of such securities except, in the case of Davidson and Jacobs, to the extent of their respective pecuniary interests therein.
(b)
Percent of class:
The information required by Item 4(b) is set forth in Row 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The information in Row 11 is calculated on the basis of 34,844,629 shares of Common Stock issued and outstanding as of August 18, 2025, as reported by the Issuer in the Form 6-K filed by the Issuer with the Securities and Exchange Commission on August 29, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Wexford Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
WEXFORD CAPITAL LP
Signature:
/s/ Mark E. Ahern
Name/Title:
By: Wexford GP LLC, its General Partner, By: Mark E. Ahern, Vice President and Assistant Secretary
Date:
09/29/2025
Wexford GP LLC
Signature:
/s/ Mark E. Ahern
Name/Title:
Wexford GP LLC, By: Mark E. Ahern, Vice President and Assistant Secretary
