C3is completes 1-for-5 reverse stock split
Specified warrants and Series A preferred stock also have further price adjustments tied to the lowest daily volume weighted average price around the split.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
C3is Inc. (CISS) effected a one-for-5 reverse stock split effective at 11:59 p.m. Eastern time on November 8, 2026, reducing outstanding common shares from approximately 4.2 million to approximately 0.84 million. The stock began trading on a split-adjusted basis at the opening of trading on November 9, 2026. No fractional shares were issued; holders otherwise entitled to fractions received cash in lieu. Outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted, with applicable exercise or conversion prices increased and the number of shares issuable reduced. The exercise prices for Class B-1, B-2, C-1 and C-2 warrants, and the Series A conversion price, will also be further adjusted to the lowest daily volume weighted average price during the period commencing five consecutive trading days immediately preceding and the five consecutive trading days following the split’s effective time, if lower than the then-current exercise price. Class B-1 and C-1 warrants also have an alternative zero cash exercise exchange option.
Filing Explained
Although the completed one-for-five reverse split reduced the outstanding share count, the amendment leaves C3is’s authorized common-share count unchanged; the company’s authorized issuance ceiling therefore was not reduced by the split.
Key Figures
Key Terms
reverse stock split technical
volume weighted average price financial
zero cash exercise exchange option financial
Stock Split
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When did CISS’s reverse stock split take effect, and what was the ratio?
How are CISS warrant exercise prices and the Series A conversion price being adjusted?
AI-generated analysis. How Rhea-AI works. Not financial advice.