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 strong unaudited results for Q2 and the six months ended June 30, 2026. Q2 2026 voyage revenues were $24.0 million versus $10.7 million a year earlier, with daily TCE rising to $40,260, up 144.5% year-on-year. Q2 net income reached $10.0 million versus a $5.3 million loss, while adjusted net income was $9.8 million and adjusted EBITDA $11.8 million. Cash and time deposits increased to $33.2 million from $14.9 million at year-end 2025.
For the first six months of 2026, voyage revenues were $35.6 million versus $19.4 million, with net income of $13.2 million and adjusted net income of $15.3 million. The company agreed to acquire two product tankers for $39.8 million (one delivered April 3, 2026, the other August 6, 2026), increasing exposure to the product tanker market while maintaining an unencumbered, six-vessel fleet. In July 2026, C3is completed a public unit offering for $6.0 million in gross proceeds, with all accompanying Class F warrants subsequently exercised.
C3is (Nasdaq: CISS) will release its second quarter 2026 financial and operating results for the period ended June 30, 2026, before the New York market opens on August 27, 2026. Management will host a conference call the same day at 10:00 a.m. ET to discuss results, operations and outlook.
The live and archived audio webcast, along with slides, will be accessible via the company’s website, with listen-only participation upon prior online registration. C3is is a ship-owning company providing seaborne transportation services; by the end of Q2 2026 it owned five vessels totaling 260,671 dwt, increasing to about 311,431 dwt in Q3 2026 after taking delivery of a second product tanker.
C3is (Nasdaq: CISS) will implement a one-for-forty (1-for-40) reverse stock split of its common stock, effective at 11:59 p.m. Eastern Time on August 18, 2026. Trading on a split-adjusted basis on the Nasdaq Capital Market will begin on August 19, 2026 under new CUSIP Y18284409.
Every 40 issued common shares will be combined into one share, keeping the $0.01 par value unchanged and reducing outstanding shares from approximately 57.6 million to about 1.44 million. Outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted, with additional adjustment periods for Class B and Class C warrants. No fractional shares will be issued; eligible holders will receive cash in lieu based on the August 18, 2026 closing price. According to the company, the purpose is to increase the market price and help meet Nasdaq’s minimum bid price requirement for continued listing.
C3is (Nasdaq: CISS) priced an underwritten public offering of 11,535,000 units at $0.52 per unit, for expected gross proceeds of approximately $6.0 million before fees. Each unit includes one common share (or pre-funded warrant) and one Class F warrant to purchase one common share.
According to C3is, the warrants are immediately exercisable, expire one year from issuance and initially have a $0.52 exercise price. This price will be adjusted on the second and fifth trading days after closing to 70% and 50%, respectively, of the initial exercise price, with the underlying share count proportionally increased. Warrants may also be exercised on a zero cash basis, exchanging each warrant for twice the number of shares issuable on a cash exercise. The company granted underwriters a 45‑day option to buy up to 908,765 additional shares and/or warrants. Closing is expected on or about July 28, 2026, subject to customary conditions.
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.