Dilution profile // every instrument, one screen, from SEC filings

Imperial Petroleum Inc./Marshall Islands (IMPP)

CIK 1876581 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHF-3 on file 2022-12-02
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
MEDIUMwarrants = 24% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-77% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-12-312025-12-31

Latest: 44.6M shares as of Dec 31, 2025 (20-F). Share count fell from 194.6M to 29.8M between Dec 31, 2022 and Dec 31, 2023, a pattern consistent with a reverse split (roughly 1-for-7); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool

Warrants

Warrants outstanding: 10.8M underlying shares, as reported Dec 31, 2023 (20-F).

Reported exercise price: $0.01 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 55.5M = 44.6M O/S + 10.8M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

The latest 10-Q/10-K instance document could not be checked just now, so nothing is shown rather than guessed. Try again shortly.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding44.6MDec 31, 2025
+ Warrants (aggregate, as tagged) (if exercised)10.8MDec 31, 2023
Fully diluted estimate55.5M+24.2% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Last 12 months: 1 executed · 0 registered.

EXECUTEDDec 1, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEDec 3, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATEDec 3, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATEDec 3, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATESep 30, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATESep 30, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATESep 30, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATESep 20, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATESep 20, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATESep 20, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATEAug 28, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATEAug 28, 2024Prospectus update — often a resale registration, not necessarily new capital424B3

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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