C3is Inc. Announces Reverse Stock Split
Rhea-AI Summary
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.
Positive
- Reverse split ratio of 1-for-20 effective Jan 26, 2026
- Outstanding shares reduced from 20.5M to ~1.02M
- Company aims to meet Nasdaq minimum bid price requirement
Negative
- Reverse split may materially reduce trading liquidity
- Fractional-share holders will receive cash based on Jan 23, 2026 closing price
News Market Reaction
On the day this news was published, CISS declined 35.51%, reflecting a significant negative market reaction. Argus tracked a trough of -37.4% from its starting point during tracking. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $343K from the company's valuation, bringing the market cap to $623,433 at that time. Trading volume was exceptionally heavy at 8.3x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Marine shipping peers showed mixed performance: several watchlist names like ICON, CTRM, OP and GLBS were up 4–8% while USEA was slightly down, and momentum scanner peers moved in opposite directions, suggesting today’s setup for CISS is more stock-specific than a pure sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 12 | Equity offering close | Negative | -24.2% | Closed $9M unit offering including warrants, adding to share overhang. |
| Dec 11 | Equity offering pricing | Negative | -80.7% | Priced $9M public offering of 7.5M units with D and E warrants. |
| Nov 18 | Earnings results | Neutral | +0.0% | Reported Q3 profits, lower TCE and ongoing capex without clear reaction. |
| Nov 13 | Earnings date set | Neutral | -9.2% | Announced timing of Q3 results and conference call ahead of release. |
| Oct 09 | Registered direct offering | Negative | -5.0% | Closed $2M direct share sale at $2.50 for general purposes and working capital. |
Recent history shows repeated equity offerings followed by sharp price drops and a prior reverse split that also coincided with a double‑digit decline, indicating a pattern of dilution‑linked weakness around corporate actions.
Over the last few months, C3is has combined capital raises with operating updates. An October $2.0M registered direct offering and December $9.0M unit offering were both followed by double‑digit declines. Q3 2025 results showed positive net income and ongoing fleet investment, but the stock reaction was flat. Today’s reverse split mirrors an earlier April 2, 2025 split, again framed as a step to meet Nasdaq’s minimum bid requirement after significant price erosion.
Market Pulse Summary
The stock dropped -35.5% in the session following this news. A negative reaction despite the stated goal of maintaining Nasdaq listing would fit the pattern seen around the prior April 2025 reverse split, which was followed by a -20.92% move. With the share count shrinking from about 20.5M to 1.02M but a long history of dilution-related offerings, the market has often treated structural actions as signals of pressure rather than strength, making sharp pullbacks unsurprising.
Key Terms
reverse stock split financial
warrants financial
convertible preferred stock financial
cusip technical
AI-generated analysis. Not financial advice.
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
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.
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.
No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise hold a fraction of a share of common stock of the Company will receive a cash payment in lieu thereof at a price equal to that fraction of a share to which the stockholder would otherwise be entitled, multiplied by the closing price of the Company’s common stock on Nasdaq on January 23, 2026 (as adjusted for the reverse split).
Stockholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the consequence of the reverse stock split reflected in their accounts on or after January 26, 2026. Such beneficial holders may contact their bank, broker, or nominee for more information.
The reverse stock split ratio approved by the board of directors is within the range of ratios for a reverse stock split authorized by the stockholders of the Company.
The purpose of the reverse stock split is to increase the market price of the Company’s common stock. The Company believes that the reverse stock split will increase the market price for its common stock and allow it to satisfy the minimum bid price requirement for maintaining listing on Nasdaq.
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements with respect to the C3is Inc.’s ability to maintain compliance with Nasdaq’s continued listing standards and remain listed on Nasdaq or other major stock exchange and other statements that are forward looking. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions. Although C3is Inc. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, C3is Inc. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include risks discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). Risks and uncertainties are further described in reports filed by C3is Inc. with the SEC.
ABOUT C3IS INC.
C3is Inc. is a ship-owning company providing dry bulk and crude oil seaborne transportation services. The Company currently owns four vessels, comprising three Handysize dry bulk carriers with a total capacity of 97,664 deadweight tons (dwt) and an Aframax oil tanker with a cargo carrying capacity of approximately 115,800 dwt, resulting in a fleet total capacity of 213,464 dwt. On a pro forma basis following the delivery of two MR product tankers, the Company’s fleet will consist of six vessels: three Handysize dry bulk carriers, one Aframax tanker, and two MR product tankers, with a total carrying capacity of approximately 310,667 dwt. C3is Inc.’s shares of Common Stock are listed on the Nasdaq Capital Market and trade under the symbol “CISS.”
For further information, please contact:
Company Contact:
Nina Pyndiah
Chief Financial Officer
C3is Inc.
00-30-210-6250-001
E-mail: info@c3is.pro
FAQ
What is the reverse stock split ratio for CISS and when does it take effect?
How many CISS shares will be outstanding after the reverse split?
How will CISS handle fractional shares from the reverse split?
Will CISS warrants and convertible preferred shares be affected by the split?
Do CISS shareholders need to take action for the reverse split?
Why is CISS doing the reverse split?
