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Security Profile
- Security Type
- Common Stock
- CUSIP
- Y81669106
- Market Cap
- Small Cap · $131 Million
Business: StealthGas, Inc. is a shipping transportation company specialized in the transportation of various petroleum and petrochemical gas products in liquefied form including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas. The Company owns a fleet of liquefied petroleum gas (LPG)carriers providing international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers chartered to oil producers, refiners and commodities traders.
Notes: November 12, 2021 -- StealthGas Inc. (Nasdaq: GASS) (the “Company”), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, today announced that the record date for the spin-off distribution of common shares and 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (“Series A Preferred Shares”) of Imperial Petroleum Inc., the newly formed subsidiary that will act as the holding company for its four tanker vessels, is November 23, 2021. The spin-off transaction is expected to be completed on or around December 3, 2021, and remains subject to Imperial Petroleum Inc.’s registration statement on Form F-1 being declared effective by the Securities and Exchange Commission and the approval of the listing of Imperial Petroleum Inc.’s common shares and Series A Preferred Shares on the Nasdaq Capital Market.
Company Contact
- CEO
- Harry Vafias
- CFO
- Harry Vafias
- Investor Relations
- info@stealthgas.com