C3is completes 1-for-5 reverse split on November 8
CISS common shares began split-adjusted trading on The Nasdaq Capital Market at the opening on November 9, 2026.
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Rhea-AI Filing Summary
C3is Inc. effected a one-for-5 reverse stock split of its common stock effective November 8, 2026, combining each five shares issued and outstanding immediately before the effective time into one share. Outstanding common shares fell from approximately 4.2 million to approximately 0.84 million. No fractional shares were issued; holders otherwise entitled to fractions received cash in lieu, based on the closing price per share on the trading day immediately before the effective date, adjusted for the split.
The company said outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted to increase exercise or conversion prices and reduce the number of shares issuable. Certain warrant exercise prices and the preferred stock conversion price will also be adjusted to the lowest daily volume weighted average price during the stated five-trading-day periods before and after the split, if lower than the then-current exercise price. The Class B-1 and C-1 warrants also have an alternative zero cash exercise exchange option.
Filing Explained
The completed split reduced outstanding common shares, but the amendment left the authorized common-share count unchanged; the split therefore did not reduce the company’s authorized capacity to issue common stock.
Key Figures
Key Terms
reverse stock split technical
volume weighted average price financial
zero cash exercise exchange option financial
treasury stock technical
Stock Split
FAQ
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What was CISS's reverse stock split ratio?
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