C3is (NASDAQ: CISS) shrinks share count with reverse split
Rhea-AI Filing Summary
C3is Inc. (CISS) implemented a one-for-40 reverse stock split of its common shares, effective as of 11:59 p.m. Eastern time on August 18, 2026. This reduced outstanding common shares from approximately 57.6 million to approximately 1.44 million, with no change to par value or authorized share counts.
Fractional shares were not issued; holders instead receive cash based on the closing price on the trading day before effectiveness. All outstanding warrants and 5.00% Series A Convertible Preferred Stock are proportionately adjusted, with further exercise-price adjustments tied to the lowest daily volume weighted average price in a 10‑trading‑day window around the reverse split.
C3is common stock continues trading on the Nasdaq Capital Market under the symbol CISS on a split-adjusted basis beginning August 19, 2026, with a new CUSIP Y18284409. A new stock certificate form reflecting the post-split structure is provided.
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Filing Explained
This 424(b)(3) filing is a completed document update: it supplements the May 13 prospectus with the August 19 Form 6-K and states that the report is incorporated into the company’s Form S-8 and Form F-3 registration statements.
Key Figures
Key Terms
reverse stock split financial
Series A Convertible Preferred Stock financial
volume weighted average price financial
alternative zero cash exercise exchange option financial
Business Corporations Act regulatory
Offering Details
FAQ
What reverse stock split did C3is Inc. (CISS) implement in August 2026?
How were C3is Inc. (CISS) warrants and Series A Preferred Stock adjusted?
Did the C3is Inc. (CISS) trading symbol or CUSIP change after the reverse split?
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