Business
C3is Inc. Announces Reverse Stock Split
To be effective January 26, 2026 Aiming to meet the minimum bid price requirement for maintaining listing on Nasdaq ATHENS, Greece, Jan. 22, 2026 (GLOBE NEWSWIRE) -- C3is Inc. (the “Company”) (Nasdaq: CISS) today announced that its board of directors has determined to effect a one-for-twenty (1-for-20) reverse stock split of the Company’s common stock, par value $0.01 per share. The reverse stock split will take effect at 11:59 pm Eastern Time on January 25, 2026, and the Company’s common stock
About this update from C3is Inc.
[{"type":"image","alt":"C3is Inc.","displaySize":"","headline":null,"caption":"C3is Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/d95ae0aa7d33555160b4ed7a84a3ef8a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/JYp7tFaTzkhZDw2VJ2e8dA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/d95ae0aa7d33555160b4ed7a84a3ef8a","width":300,"height":300}},"lazy":false},{"type":"text","content":"To be effective January 26, 2026","length":32,"tagName":"p"},{"type":"text","content":"Aiming to meet the minimum bid price requirement for maintaining listing on Nasdaq ","length":82,"tagName":"p"},{"type":"text","content":"ATHENS, Greece, Jan. 22, 2026 (GLOBE NEWSWIRE) -- C3is Inc. (the “Company”) (Nasdaq: CISS) today announced that its board of directors has determined to effect a one-for-twenty (1-for-20) reverse stock split of the Company’s common stock, par value $0.01 per share.","length":265,"tagName":"p"},{"type":"text","content":"The reverse stock split will take effect at 11:59 pm Eastern Time on January 25, 2026, and the Company’s common stock will begin trading on a split-adjusted basis on The Nasdaq Capital Market (“Nasdaq”) as of the opening of trading on January 26, 2026. The CUSIP number of Y18284177 will be assigned to the Company’s common stock when the reverse stock split becomes effective.","length":377,"tagName":"p"},{"type":"text","content":"When the reverse stock split becomes effective, every twenty (20) of the Company’s issued shares of common stock will be combined into one issued share of common stock, without any change to the par value per share. This will reduce the number of outstanding shares of common stock from approximately 20.5 million shares to approximately 1.02 million shares. The Company’s outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted to increase the exercise price and reduce the number of shares issuable upon exercise. With respect to the Company’s Class B Warrants and Class C Warrants, the exercise price and number of shares issuable upon exercise will be adjusted further in an adjustment period ending on the fifth trading day after the effective time of the reverse split pursuant to the terms of such warrants.","length":853,"tagName":"p"...