Imperial Petroleum (IMPM) Approves $10M Share Repurchase Program

The Imperial Petroleum Board approved a stock buyback program authorizing the repurchase of up to 10 million Canadian dollars in shares, subject to market conditions and board discretion. The program, effective February 9, 2026, aims to strengthen shareholder value by reducing the number of shares outstanding. The company stated the initiative follows a review of its capital structure and current share price, with proceeds used to retire shares in the open market. The program does not set a timeline or minimum number of shares to be repurchased, providing flexibility in execution.