C3is Stock Price, News & Analysis

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.

C3is Inc. (Nasdaq: CISS) reported unaudited results for Q3 and nine months ended September 30, 2025. Q3 voyage revenues were $4.8M with a daily TCE of $8,733 (down 33% vs. Q3 2024) and fleet utilization of 67.7% due mainly to Afrapearl II drydocking. Q3 net income was $2.7M and EPS, basic, $2.32; nine-month net income was $5.3M and EPS $3.34. Cash and time deposits totaled $6.6M as of Sept 30, 2025. The company completed $59.2M in capex without bank loans, finished Afrapearl II drydocking ($1.7M), and closed an 800,000-share registered offering for $2.0M.

C3is (Nasdaq: CISS) will release its third quarter and nine months 2025 financial and operating results for the period ended September 30, 2025 before U.S. market open on November 18, 2025. Management will host a conference call on November 18, 2025 at 10:00 am ET to present results, operations and outlook. A live listen-only webcast and archived audio plus presentation slides will be available on the company website at www.c3is.pro. Webcast participants should register on the site about 10 minutes before the start.

C3is (NASDAQ: CISS) closed a registered direct offering on October 9, 2025 selling 800,000 shares of common stock at $2.50 per share for aggregate gross proceeds of $2.0 million. The company expects to use net proceeds and existing cash for general corporate purposes and working capital. Aegis Capital acted as exclusive placement agent. The offering was made under an effective Form F-3 shelf registration (No. 333-285135) declared effective on March 6, 2025, and a final prospectus supplement was filed with the SEC.

C3is (NASDAQ: CISS) priced a registered direct offering of 800,000 common shares at $2.50 per share for aggregate gross proceeds of approximately $2.0 million. The offering is expected to close on or about October 9, 2025, subject to customary closing conditions.

The company said it will use net proceeds together with existing cash for general corporate purposes and working capital. Aegis Capital Corp. is the exclusive placement agent. The offering is being made under an effective Form F-3 shelf registration declared effective on March 6, 2025. A final prospectus supplement will be filed with the SEC.

C3is Inc. (NASDAQ: CISS) reported its Q2 and H1 2025 financial results, showing mixed performance. The company recorded Q2 2025 revenues of $10.7 million with a daily TCE of $16,466, down 31% year-over-year. Q2 resulted in a net loss of $5.3 million, while H1 2025 showed a net income of $2.6 million.

The shipping company's fleet achieved 78% operational utilization in Q2 2025, with its handysize dry bulk carriers on short-term time charters and Aframax tanker operating in the spot market at around $25,000 per day. Notably, C3is completed all capital expenditures totaling $59.2 million without bank loans and settled the $14.6 million balance for the Eco Spitfire bulk carrier in April 2025.

The company's Aframax tanker completed dry-docking in August 2025, costing approximately $1.3 million over 23 days. The fleet expanded by 230% since inception, maintaining a debt-free status.