C3is Inc. (CISS) enacts 1-for-20 reverse stock split to support Nasdaq listing
Rhea-AI Filing Summary
C3is Inc. is implementing a one-for-twenty reverse stock split of its common stock to help meet Nasdaq’s minimum bid price requirement and maintain its listing. The split will take effect at 11:59 pm Eastern Time on January 25, 2026, and the shares will begin trading on a split-adjusted basis on Nasdaq on January 26, 2026.
Every 20 issued shares of common stock will be combined into one share, reducing the number of outstanding shares from approximately 20.5 million to approximately 1.02 million, without changing the $0.01 par value. Fractional shares will not be issued; instead, affected stockholders will receive cash based on the January 23, 2026 closing price. The company’s outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted, with additional warrant adjustments through the fifth trading day after the effective time.
Positive
- None.
Negative
- Reverse stock split signals listing pressure: A one-for-twenty reverse split is being used to help C3is Inc. meet Nasdaq’s minimum bid price requirement, underscoring prior share-price weakness and the risk around maintaining exchange listing.
Insights
C3is consolidates shares 1-for-20 to support Nasdaq listing.
C3is Inc. is executing a one-for-twenty reverse stock split of its common stock, reducing outstanding shares from about 20.5 million to about 1.02 million while keeping par value at
Reverse splits are mechanical: each 20 shares becomes 1 share, and the company’s outstanding warrants and Series A Convertible Preferred Stock will be proportionally adjusted in exercise price and underlying share count. Class B and Class C warrants receive further adjustments during a period ending on the fifth trading day after the effective time, which may influence how many shares are ultimately issuable from those instruments.
The filing highlights that the board acted within a split ratio range previously authorized by stockholders, and that fractional shares will be cashed out based on the closing price on
FAQ
What reverse stock split did C3is Inc. (CISS) approve?
C3is Inc. approved a one-for-twenty (1-for-20) reverse stock split of its common stock, where every 20 issued shares will be combined into one issued share, with no change to the $0.01 par value per share.
When will the C3is Inc. (CISS) reverse stock split take effect and start trading?
The reverse stock split takes effect at 11:59 pm Eastern Time on January 25, 2026, and C3is Inc.’s common stock will begin trading on a split-adjusted basis on Nasdaq on January 26, 2026.
How will the C3is Inc. (CISS) reverse split affect the number of outstanding shares?
When the reverse stock split becomes effective, the number of outstanding common shares will be reduced from approximately 20.5 million to approximately 1.02 million, reflecting the 1-for-20 consolidation.
What is the purpose of the C3is Inc. (CISS) reverse stock split?
The company states that the purpose of the reverse stock split is to increase the market price of its common stock, and it believes this will allow it to satisfy Nasdaq’s minimum bid price requirement for maintaining listing on The Nasdaq Capital Market.
How are C3is Inc. (CISS) warrants and preferred stock affected by the reverse split?
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 Class B and Class C warrants subject to additional adjustments through the fifth trading day after the effective time.
What happens to fractional C3is Inc. (CISS) shares after the reverse split?
No fractional shares will be issued. Stockholders who would otherwise receive a fraction of a share will instead receive a cash payment equal to that fraction multiplied by the closing price of C3is Inc.’s common stock on Nasdaq on January 23, 2026, as adjusted for the reverse split.
Do C3is Inc. (CISS) stockholders need to take any action for the reverse split?
Stockholders holding shares in book-entry form or through a bank, broker, or other nominee are not required to take any action. The reverse split’s effects will be reflected in their accounts on or after January 26, 2026.