C3is (NASDAQ: CISS) shrinks share float 40-fold in split
Rhea-AI Filing Summary
C3is Inc. (CISS) reports a corporate action that has been incorporated into its existing Form F-1 prospectus via this prospectus supplement and an attached Form 6-K. Effective as of 11:59 p.m. Eastern time on August 18, 2026, C3is implemented a one-for-40 reverse stock split of its common shares, after filing an amendment to its Restated Articles of Incorporation under Marshall Islands law. The reverse split reduced outstanding common shares from approximately 57.6 million to approximately 1.44 million, with no change to par value or authorized share counts, and cash is paid in lieu of fractional shares. Outstanding warrants and 5.00% Series A Cumulative Convertible Perpetual Preferred Stock are proportionately adjusted, with further exercise-price adjustments tied to the lowest daily volume weighted average price in a defined 10-trading-day window. Post-split shares trade on Nasdaq Capital Market on a split-adjusted basis under the symbol CISS with new CUSIP Y18284409.
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Key Figures
Key Terms
reverse stock split financial
Series A Cumulative Convertible Perpetual Preferred Stock financial
volume weighted average price financial
Business Corporations Act regulatory
alternative zero cash exercise exchange option financial
Offering Details
FAQ
What reverse stock split did C3is Inc. (CISS) implement in August 2026?
How are C3is (CISS) warrants and Series A Preferred Stock adjusted?
What is the new CUSIP and trading status for C3is (CISS) after the split?
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