C3is Inc. (NASDAQ: CISS) completes 1-for-20 reverse stock split, adjusts warrants
Rhea-AI Filing Summary
C3is Inc. filed a prospectus supplement that incorporates a new Form 6-K describing a reverse stock split of its common shares. Effective as of 11:59 p.m. Eastern time on January 25, 2026, the company implemented a one-for-20 reverse stock split of its common stock, reducing the number of outstanding common shares from approximately 24.7 million to approximately 1.23 million.
The split affected all outstanding common shares, with holders who would otherwise receive fractional shares instead receiving a cash payment. The company’s outstanding warrants and Series A Convertible Preferred Stock are being proportionately adjusted for share counts and exercise or conversion prices, with additional formula-based adjustments tied to trading prices around the effective date. The common shares continue to trade on Nasdaq under the symbol CISS and now carry a new CUSIP number.
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Insights
C3is consolidates equity via 1-for-20 reverse stock split.
C3is Inc. has executed a one-for-20 reverse stock split effective at 11:59 p.m. Eastern time on
The filing states that warrants and 5.00% Series A Cumulative Convertible Perpetual Preferred Stock will be proportionately adjusted so that exercise prices rise and the number of shares issuable upon exercise falls, preserving the aggregate exercise price as of the original issuance date. For certain warrant classes (B-1, B-2, C-1, C-2), exercise and conversion prices can be further reset to the lowest daily volume weighted average price over the five trading days before and after the effective date, if that is lower than the prevailing exercise price.
Common shares continue trading on the Nasdaq Capital Market under the symbol CISS with a new CUSIP, while fractional share positions are settled in cash based on the closing price immediately before the effective date, as adjusted for the split. Subsequent disclosures may clarify how the price-based adjustment formulas for the warrants and preferred stock affect future potential issuances.
FAQ
What corporate action did C3is Inc. (CISS) implement in January 2026?
C3is Inc. implemented a one-for-20 reverse stock split of its common stock, effective as of 11:59 p.m. Eastern time on January 25, 2026, consolidating every 20 pre-split shares into one post-split share.
How did the reverse stock split affect C3is Inc. (CISS) shares outstanding?
The reverse stock split reduced the number of outstanding common shares from approximately 24.7 million to approximately 1.23 million, with no change to the par value of the common stock.
How were fractional C3is Inc. (CISS) shares treated in the reverse split?
No fractional common shares were issued. Stockholders who would otherwise have been entitled to a fractional share received a cash payment instead, based on the closing price per share on the trading day immediately before the effective date, adjusted for the split.
What happens to C3is Inc.’s warrants and Series A Convertible Preferred Stock after the reverse split?
The company’s outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted so that exercise and conversion prices increase and the number of shares issuable upon exercise or conversion decreases, preserving the aggregate exercise price as of the original issuance date. Certain warrant classes will also have prices further adjusted based on the lowest daily volume weighted average price over a specified 10-day trading window around the effective date.
Did the C3is Inc. (CISS) reverse stock split affect the company’s Nasdaq listing or trading symbol?
After the reverse stock split, C3is Inc.’s common stock continues to trade on the Nasdaq Capital Market under the symbol CISS. The post-split common shares received a new CUSIP number, Y18284 177.
Did the C3is Inc. reverse stock split change the authorized share counts or par values?
The filing states that the reverse stock split did not change the number of authorized shares of common stock or preferred stock, and did not change the par value of either the common or preferred shares.
How is the reverse stock split reflected in C3is Inc.’s registration statements?
The Form 6-K describing the reverse stock split is incorporated by reference into C3is Inc.’s Form S-8 (Reg. No. 333-273306) and Form F-3 (Reg. No. 333-285135), as well as into the F-1 prospectus via this prospectus supplement.