C3is completes 1-for-5 reverse stock split
Specified warrant exercise prices and the Series A preferred conversion price are subject to a further adjustment tied to trading prices around the split.
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Rhea-AI Filing Summary
C3is Inc. effected a 1-for-5 reverse stock split effective at 11:59 p.m. Eastern time on November 8, 2026. Its common stock began split-adjusted trading on the Nasdaq Capital Market at the opening on November 9. Outstanding common shares were reduced from approximately 4.2 million to approximately 0.84 million.
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. Prices for the specified warrants, and the corresponding preferred-stock conversion price, will be further adjusted to the lowest daily volume weighted average price during the specified five-trading-day periods 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
This supplement adds the November 9 Form 6-K to the F-1 prospectus; its amendment says the completed 1-for-5 split reduced outstanding shares but did not change the number of authorized common shares.
Key Figures
Key Terms
reverse stock split financial
volume weighted average price financial
zero cash exercise exchange option financial
Stock Split
FAQ
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What was the CISS reverse stock split ratio and when did it take effect?
How did the CISS reverse split affect warrants and preferred stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.