Imperial Petroleum (NASDAQ: IMPP) clears $10M stock repurchase plan

Rhea-AI Filing Summary

Imperial Petroleum Inc. announced that its Board of Directors has approved a share repurchase program authorizing the Company to buy back up to $10,000,000 of its common stock. Repurchases may occur in open-market or privately negotiated transactions at times and prices the Company considers appropriate, and the program can be suspended or discontinued at any time.

Imperial operates a fleet of nineteen tankers and drybulk vessels totaling 1,195,000 dwt and has contracted additional ships that will raise its fleet to 26 vessels with about 1.5 million dwt of capacity.

Insights

Equity capital allocation analyst

Imperial authorizes up to $10M in discretionary share repurchases.

Imperial Petroleum Inc. has approved a share repurchase program authorizing officers to buy back up to $10,000,000 of common stock. Purchases may occur in open-market or privately negotiated transactions at times and prices management deems appropriate.

The authorization is discretionary, and the program may be suspended or discontinued at any time, so actual repurchases will depend on future decisions. This flexibility allows the company to balance potential buybacks with fleet commitments and other capital needs described in its broader disclosures.

As of the announcement on February 9, 2026, the company also highlights its growing fleet, moving from nineteen vessels and 1,195,000 dwt to a planned 26-vessel fleet of about 1.5 million dwt after contracted deliveries, which frames the buyback alongside ongoing expansion.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission File Number 001-41095

IMPERIAL PETROLEUM INC.

(Translation of registrant’s name into English)

331 Kifissias Avenue, Kifissias 14561 Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this report on Form 6-K as Exhibit 99.1 is a copy of the press release of Imperial Petroleum Inc. dated February 9, 2026, announcing a share repurchase program for up to $10,000,000 of the Company’s common stock.

EXHIBIT INDEX

99.1 Imperial Petroleum Inc. Press Release dated February 9, 2026

*****

This report on Form 6-K, including exhibit 99.1 hereto, is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (Reg. No. 333-268663), Post Effective Amendment No. 1 to Form F-1 on Form F-3 Registration Statement (Reg. No. 333-266031) and Registration Statements on Form S-8 (Reg. Nos. 333-275745 and 333-278813), including the prospectuses contained therein.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 9, 2026

IMPERIAL PETROLEUM INC.
By:		/s/ Ifigenia Sakellari
Name:		Ifigenia Sakellari
Title:		Chief Financial Officer

Exhibit 99.1

IMPERIAL PETROLEUM INC.

IMPERIAL PETROLEUM ANNOUNCES $10 MILLION SHARE REPURCHASE PROGRAM

Athens, Greece, February 9, 2026 – Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) today announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $10,000,000 of the Company’s common stock. Shares may be purchased in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time.

About Imperial Petroleum Inc.

IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of nineteen vessels on the water - seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, five supramax drybulk carriers and two kamsarmax drybulk vessels - with a total capacity of 1,195,000 deadweight tons (dwt) and has contracted to acquire an additional five handysize drybulk carriers, a post panamax drybulk carrier and a product tanker of 319,400 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 26 vessels with an aggregate capacity of about 1.5 million 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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements related to the Company’ share repurchase program and capital strategy, are forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions. IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include risks discussed in our filings with the SEC. Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

Company Contact:

Fenia Sakellaris

IMPERIAL PETROLEUM INC.

info@ImperialPetro.com

FAQ

What did Imperial Petroleum Inc. (IMPP) announce in its latest 6-K filing?

Imperial Petroleum Inc. announced Board approval of a share repurchase program authorizing buybacks of up to $10,000,000 of common stock. Repurchases may occur in open-market or privately negotiated transactions and the program can be suspended or discontinued at any time.

How large is Imperial Petroleum’s new share repurchase authorization?

The Board authorized Imperial Petroleum to repurchase up to $10,000,000 of its common stock. This limit caps the total value of shares that may be bought back under the program through open-market or privately negotiated transactions, at times and prices the Company considers appropriate.

How will Imperial Petroleum (IMPP) execute its share repurchase program?

Imperial Petroleum may repurchase common shares in open market or privately negotiated transactions. The timing and pricing of these purchases will be determined by the Company, and the Board has allowed the program to be suspended or discontinued whenever the Company decides.

What does Imperial Petroleum’s fleet look like after its contracted vessel deliveries?

Imperial Petroleum currently owns nineteen vessels totaling 1,195,000 dwt and has contracted additional ships. Following these deliveries, the fleet is expected to total 26 vessels with an aggregate capacity of about 1.5 million dwt, expanding its tanker and drybulk operations.

On which market are Imperial Petroleum’s common and preferred shares listed?

Imperial Petroleum’s common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market. They trade under the symbols “IMPP” for common shares and “IMPPP” for the preferred shares, providing public equity access.

What risks does Imperial Petroleum highlight regarding its share repurchase and strategy?

Imperial notes that statements about its share repurchase program and capital strategy are forward-looking and subject to significant uncertainties. Actual results may differ materially due to risks described in its reports and other filings with the U.S. Securities and Exchange Commission.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 4.8 KB