Galloway Capital raises concerns over Imperial Petroleum's (IMPP) shareholder value
Key Summary: On August 30, 2023, Galloway Capital Partners (2.3%) sent a letter to Imperial Petroleum's Board, expressing concern over a nearly 99% share price drop since March 2022 despite positive financial results. They questioned the necessity of recent dilutive financing and perceived self-dealing in ship acquisitions, calling for a halt and revers…