C3is Inc. (CISS) consolidates shares in 1-for-20 reverse stock split
Rhea-AI Filing Summary
C3is Inc. has approved 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 the Nasdaq Capital Market on January 26, 2026.
Every 20 issued common shares will be combined into one share, keeping the par value at $0.01 per share and reducing the number of outstanding shares from approximately 20.5 million to approximately 1.02 million. Outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted, with additional adjustment mechanics for Class B and Class C Warrants over a brief post‑effective period. Stockholders will receive cash instead of any fractional shares, based on the closing price on January 23, 2026.
Positive
- None.
Negative
- None.
Insights
C3is is consolidating shares 20:1 to support its Nasdaq listing.
C3is Inc. is executing a reverse stock split at a 1-for-20 ratio, consolidating every twenty common shares into one. This move reduces outstanding common shares from approximately 20.5 million to approximately 1.02 million while keeping the par value unchanged. The company states that the goal is to increase the market price of its common stock to satisfy Nasdaq’s minimum bid price requirement for continued listing.
The reverse split also triggers proportional adjustments to outstanding warrants and Series A Convertible Preferred Stock, changing both exercise prices and the number of shares issuable. Class B and Class C Warrants will undergo further adjustment during an additional period ending on the fifth trading day after the effective time. Fractional positions will be settled in cash using the Nasdaq 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, combining every twenty issued shares of common stock into one share, with no change to the $0.01 par value.
When will the C3is Inc. (CISS) reverse stock split take effect and when will split-adjusted trading begin?
The reverse stock split will take effect at 11:59 pm Eastern Time on January 25, 2026, and the common stock will begin trading on a split-adjusted basis on Nasdaq on January 26, 2026.
How will the C3is Inc. (CISS) reverse stock split affect shares outstanding?
After the 1-for-20 reverse stock split, the number of outstanding common shares will be reduced from approximately 20.5 million to approximately 1.02 million.
What happens to fractional shares in the C3is Inc. (CISS) reverse stock split?
No fractional shares will be issued. Stockholders who would otherwise receive a fraction of a share will get a cash payment based on the closing price on January 23, 2026, adjusted for the split.
Why is C3is Inc. (CISS) implementing a 1-for-20 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 allow it to meet Nasdaq’s minimum bid price requirement for maintaining its listing.
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 raise exercise prices and reduce the number of shares issuable. Class B and Class C Warrants will be adjusted further during an additional period ending on the fifth trading day after the effective time.