Welcome to our dedicated page for C3is news (Ticker: CISS), a resource for investors and traders seeking the latest updates and insights on C3is stock.
C3is Inc. provides seaborne transportation services through a ship-owning business serving dry bulk and tanker charterers, including industrial users, commodity producers and traders. Company updates commonly cover fleet composition across Handysize dry bulk carriers and tanker assets, chartering activity, operating utilization, financial results and management commentary on shipping-market exposure.
Recurring announcements also include vessel acquisition agreements, public equity offerings, warrant and preferred-stock terms, reverse stock splits and Nasdaq listing-compliance actions. These developments frame CISS as an international shipping issuer whose updates often link operating capacity, vessel deployment and capital-structure changes.
C3is (Nasdaq:CISS) reported first quarter 2026 voyage revenues of $11.6 million, up 34% year-over-year, with daily TCE of $32,173, a 98.6% increase. GAAP net income was $3.2 million, while Adjusted Net Income rose 358% to $5.5 million and Adjusted EBITDA increased 130% to $6.9 million.
The company agreed to acquire two product tankers for $39.8 million, boosting tanker exposure, and ended the quarter with $27.3 million in cash and no bank debt. C3is also implemented 1:20 and 1:7 reverse stock splits and raised $1.6 million via an ATM program.
C3is (Nasdaq:CISS), a ship-owning seaborne transportation company, will release its Q1 2026 financial and operating results for the period ended March 31, 2026 before the New York market opens on May 18, 2026. Management will host a webcasted conference call at 10:00 a.m. ET the same day.
C3is (Nasdaq: CISS) announced a one-for-seven reverse stock split effective 11:59 pm ET on April 26, 2026, with trading on a split-adjusted basis beginning at the open on April 27, 2026.
The reverse split will reduce outstanding shares from approximately 3.7 million to approximately 528,305, assign CUSIP Y18284300, and proportionately adjust warrants and Series A convertible preferred stock. No fractional shares will be issued; fractional interests will be paid in cash based on the closing price on April 24, 2026 (adjusted for the split). The stated purpose is to increase the market price and satisfy Nasdaq minimum bid price requirements.
C3is (Nasdaq: CISS) reported Q4 2025 and full-year results: Q4 voyage revenues of $10.6M and daily TCE of $19,469 (up 24% YoY). Fleet utilization was 93.5% in Q4 and cash and time deposits totaled $14.9M at year-end. For 2025 the company reported Net Income of $10.5M, EBITDA of $17M, and announced agreements to buy two product tankers for $39.8M with one-year interest-free financing; a 1-for-20 reverse stock split was effected on Jan 26, 2026.
C3is (NASDAQ: CISS) will release fourth quarter and full-year 2025 financial and operating results for the period ended December 31, 2025 before U.S. market open on February 19, 2026. Management will host a listen-only conference call at 10:00 am ET on February 19, 2026 with a live webcast.
Slides and an archived audio webcast will be available on the company website www.c3is.pro; webcast participants should register about 10 minutes before the start.
C3is (NASDAQ: CISS) updated its fleet plan and published management’s pro forma Net Asset Value. Two MR product tankers are expected to be delivered between Q1 and Q3 2026, bringing the fleet to six vessels with total capacity of ~310,667 dwt. Management says fleet DWT has increased 385% from inception without bank loans. Management estimates pro forma NAV as of September 30, 2025 at approximately $77.5 million. Current representative charter rates cited: $55,000/day for Aframax, $25,000/day for MR product tankers, and Handysize time charters averaging $15,800/day. The NAV is described as a snapshot based on assumptions and may change.
C3is (NASDAQ: CISS) agreed to acquire two MR product tankers (approx. 50,000 dwt each) for $16.88 million (2008-built) and $22.90 million (2011-built), with deliveries expected between Q1 and Q3 2026. The purchases raise the fleet by 50% to six vessels, creating a mix of three Handysize dry bulk carriers and three tankers including an Aframax. The deals were approved by independent directors using averaged independent valuations and are funded by a one-year interest-free loan that allows payment any time within a year.
Company estimates: ~$25,000/day revenue per MR vessel, ~$8,300/day operating expenses, and ~$6M annual EBITDA per MR vessel.
C3is (Nasdaq: CISS) announced a one-for-twenty (1-for-20) reverse stock split to be effective at 11:59 pm ET on January 25, 2026, with trading on a split-adjusted basis beginning at the open on January 26, 2026. The split will reduce outstanding shares from approximately 20.5 million to approximately 1.02 million and assign CUSIP Y18284177.
Outstanding warrants and Series A convertible preferred stock will be proportionately adjusted (Class B and C warrants have an additional adjustment period ending the fifth trading day after the split). No fractional shares will be issued; holders entitled to fractions will receive cash in lieu calculated using the closing price on Nasdaq on January 23, 2026 (adjusted for the split). The stated purpose is to raise the market price to satisfy Nasdaq minimum bid price requirements.
C3is (NASDAQ: CISS) announced it closed a public offering on December 12, 2025, raising approximately $9.0 million in gross proceeds through the sale of 7,500,000 units. Each unit included either one common share or one pre-funded warrant, one Class D warrant exercisable at $1.20, and one Class E warrant exercisable at $0.00001. The Class D warrants expire 60 months after issuance and warrant terms include scheduled exercise-price adjustments described in the Form F-1.
The company said net proceeds, together with existing cash, will be used for capital expenditures including vessel acquisitions, working capital and general corporate purposes. Aegis Capital acted as exclusive placement agent; the Form F-1 was declared effective by the SEC on December 10, 2025.
C3is (NASDAQ: CISS) priced a public offering expected to generate approximately $9.0 million in gross proceeds by selling 7,500,000 units. Each unit contains either one common share or one pre-funded warrant, plus a Class D warrant exercisable at $1.20 and a Class E warrant exercisable at $0.00001. The public offering price is $1.20 per unit with a common share or $1.19999 per unit with a pre-funded warrant. Class D warrants expire after 60 months; Class E warrants may be exercised until fully exercised. Closing is expected on or about December 12, 2025, and the Form F-1 was declared effective December 10, 2025. Net proceeds are intended for capital expenditures, potential vessel acquisitions, working capital, and general corporate purposes.