STEALTHGAS INC. Announces Filing of Registration Statement Relating to Proposed Spin-Off of Tanker Vessels

Nov 05, 2021

ATHENS, Greece, Nov. 05, 2021 (GLOBE NEWSWIRE) -- StealthGas Inc. (NYSE: GASS) (the “Company”), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, today announced that, through a wholly-owned subsidiary, it has filed a registration statement on Form F-1 pursuant to the Securities Act of 1933 to effect a spin-off of its three product tankers and its aframax tanker. Imperial Petroleum Inc., the newly formed subsidiary that will act as the holding company for the four tanker vessels, has applied to have its common shares and 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (“Series A Preferred Shares”) listed on the Nasdaq Capital Market.

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