SCHEDULE: Wexford Capital Amends Imperial Petroleum Stake to 4.83%

Wexford Capital LP and affiliated entities have filed an amendment to their Schedule 13G, disclosing a beneficial ownership of 4.83% in Imperial Petroleum Inc. common stock.

Summary

• Wexford Capital LP, Wexford GP LLC, Charles E. Davidson, and Joseph M. Jacobs (collectively, the "Reporting Persons") have filed Amendment No. 1 to their Schedule 13G regarding Imperial Petroleum Inc.
• The Reporting Persons collectively beneficially own 1,681,866 shares of Imperial Petroleum Inc. Common Stock.
• This ownership represents 4.83% of the issuer's outstanding Common Stock.
• The percentage is calculated based on 34,844,629 shares of Common Stock issued and outstanding as of August 18, 2025, as reported by Imperial Petroleum Inc. in a Form 6-K filed on August 29, 2025.
• Wexford Capital LP acts as sub-advisor or investment manager for Wexford Spectrum Trading Limited, Wexford Catalyst Trading Limited, and Wexford Focused Trading Limited (the "Wexford Funds"), which hold the securities.
• Wexford GP LLC is the General Partner of Wexford Capital LP, and Charles E. Davidson and Joseph M. Jacobs are controlling persons of Wexford GP LLC.
• The Reporting Persons share both voting and dispositive power over all 1,681,866 beneficially owned shares.
• The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It is a neutral regulatory update.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Imperial Petroleum Inc.'s future performance or operations.

Industry Context

This Schedule 13G filing indicates a significant, though non-controlling, investment by Wexford Capital and its affiliates in Imperial Petroleum Inc., a company likely operating in the shipping or energy sector given its name. Such disclosures are standard for institutional investors crossing certain ownership thresholds and provide transparency into major shareholder positions. The reduction in reported ownership below 5% suggests a potential shift in investment strategy or portfolio rebalancing by Wexford Capital, which is a common occurrence in the investment management industry.

Related Party Transactions

• The Reporting Persons (Wexford Capital LP, Wexford GP LLC, Charles E. Davidson, and Joseph M. Jacobs) are affiliated entities and individuals who are deemed to beneficially own the same securities held by the Wexford Funds (Wexford Spectrum Trading Limited, Wexford Catalyst Trading Limited, and Wexford Focused Trading Limited) due to their roles as sub-advisor, investment manager, general partner, and controlling persons, respectively.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant institutional investor's stake, indicating a notable, though non-controlling, position in the company. The reduction in ownership below 5% might be interpreted by some as a decrease in conviction, while others may see it as a routine portfolio adjustment.
• Management: Awareness of a significant investor's position and any changes to it can influence management's strategic considerations, although the filing explicitly states the purpose is not to influence control.

Key Dates

Keywords

Imperial Petroleum Inc., Wexford Capital LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Shareholder Disclosure