Imperial Petroleum Inc./Marshall Islands (IMPP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 319.96% of current shares
Recent Dilution: 31.23% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
45M
Potential Supply
140M
Additional shares possible
Splits
None
Past 2 years

Summary

IMPP currently has 44.6M outstanding shares. with significant dilution risk as 143M authorized shares could dilute existing holders by 320.0%. The company has significantly diluted shareholders by 31.23% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2026

20-F filing | 44.6M shares outstanding

45M 140M
Apr 29, 2025

20-F filing | 34.0M shares outstanding

34M 140M
Apr 19, 2024

POS AM filing: This POS AM filing relates to the resale of up to 173,334 shares of common stock of Imperial Petroleum Inc. by selling stockholders.

30M 140M
Apr 19, 2024

POS AM filing: This prospectus relates to the issuance of up to 1,347,267 shares of common stock issuable upon the exercise of outstanding Class C Warrants and 139,394 shares of common stock issuable upon the exercise of outstanding warrants to purchase common stock that we issued to the representative of the underwriters.

30M 140M
Apr 19, 2024

POS AM filing: This prospectus relates to the issuance of up to 786,800 shares of common stock issuable upon the exercise of outstanding Class B Warrants to purchase common stock, which we refer to as the Class B Warrants. We are also registering the issuance of up to 115,000 shares of common stock issuable upon the exercise of outstanding warrants to purchase common stock that we issued to the representative of the underwriters of our underwritten public offering in March 2022, which we refer to as the Representative Purchase Warrants.

30M 140M
Apr 19, 2024

POS AM filing: This prospectus relates to the issuance of up to 2,867 shares of common stock issuable upon the exercise of outstanding Class A Warrants and 36,800 shares of common stock issuable upon the exercise of outstanding warrants issued to the representative of the underwriters.

30M 140M
Apr 12, 2024

20-F filing | 29.8M shares outstanding

30M 260M
Apr 03, 2023

20-F filing | 194.6M shares outstanding

190M 260M
Dec 02, 2022

F-3 filing: Imperial Petroleum Inc. is offering debt securities, warrants, rights, purchase contracts, common stock, preferred stock, units or depositary shares from time to time, with an aggregate public offering price of up to $500,000,000.

190M 260M
Jul 06, 2022

F-1 filing: This F-1 filing relates to the resale of up to 31,150,000 shares of common stock of Imperial Petroleum Inc. by selling stockholders.

4.8M 120M
May 04, 2022

F-1 filing: Imperial Petroleum Inc. is offering 85,225,000 Units consisting of common stock or pre-funded warrants and Class C warrants.

4.8M 85M
Apr 04, 2022

POS AM filing: This prospectus relates to the issuance of up to 43,000 of our common shares issuable upon the exercise of 43,000 outstanding Class A Warrants to purchase common shares and up to 552,000 of our common shares issuable upon the exercise of 552,000 outstanding warrants.

4.8M 0
Mar 31, 2022

POS AM filing: This prospectus relates to the issuance of up to 43,124,950 of Imperial Petroleum Inc.'s common shares issuable upon the exercise of 43,124,950 outstanding Class B Warrants and up to 1,724,998 of their common shares issuable upon the exercise of 1,724,998 outstanding warrants issued to the representative of the underwriters.

4.8M 10M
Mar 29, 2022

20-F filing | 4.8M shares outstanding

4.8M 47M
Mar 16, 2022

F-1 filing: Imperial Petroleum Inc. is offering 18,315,000 Units consisting of common stock or pre-funded warrants to purchase common stock and Class B Warrants to purchase common stock, according to an F-1 filing dated 2022-03-16.

N/A 47M
Jan 20, 2022

F-1 filing: Imperial Petroleum Inc. is offering 5,000,000 Units, based on an assumed offering price of $2.00 per Unit, consisting of one common share and one Class A Warrant to purchase one common share on a firm commitment basis.

N/A 10M
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