C3is Inc. (CISS) completes 1-for-20 reverse split and adjusts warrants
Rhea-AI Filing Summary
C3is Inc. filed a prospectus supplement that incorporates a new Form 6-K describing a recently completed reverse stock split. Effective as of 11:59 p.m. Eastern time on January 25, 2026, the company implemented a one-for-20 reverse stock split of its common stock. This reduced the number of outstanding common shares from approximately 24.7 million to approximately 1.23 million, while the par value and other terms of the common stock remained unchanged.
No fractional shares were issued; holders who would otherwise receive a fraction received cash instead. Outstanding warrants and 5.00% Series A Convertible Preferred Stock were proportionately adjusted for the split, and certain warrant exercise and preferred conversion prices will be further adjusted based on the lowest daily volume weighted average price over a specified 10‑trading‑day window around the effective date. The post-split common shares trade on the Nasdaq Capital Market under the symbol CISS with a new CUSIP number Y18284 177.
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Insights
C3is consolidates shares 1‑for‑20 and adjusts related securities.
C3is Inc. has executed a one-for-20 reverse stock split effective as of
The filing also describes mechanical adjustments to derivative securities. Outstanding warrants and the 5.00% Series A Cumulative Convertible Perpetual Preferred Stock are proportionately adjusted so that exercise and conversion economics remain aligned with the new share count. For the Class B-1, B-2, C-1 and C-2 Warrants, and related preferred stock, the exercise and conversion prices will be further reset to the lowest daily volume weighted average price during the five trading days before and after the effective time if that price is lower, while keeping the aggregate exercise price per warrant series from their original issuance date unchanged. Some of these warrants can also be exercised through an alternative zero cash exercise exchange option.
The company’s common stock continues trading on the Nasdaq Capital Market under the symbol CISS, now with CUSIP Y18284 177, and the amendment to the articles of incorporation confirms that the total authorized common and preferred share counts and par values are not changed by this action. Overall, the disclosure is primarily structural, detailing how the reverse split and associated adjustments are implemented; the actual impact will depend on future trading prices and any exercise or conversion activity under the adjusted securities.
FAQ
What capital change did C3IS Inc. (CISS) implement in January 2026?
C3is Inc. implemented a one-for-20 reverse stock split of its common stock effective as of 11:59 p.m. Eastern time on January 25, 2026. Each 20 shares of pre-split common stock were combined into one share, consolidating the number of shares outstanding.
How did the C3IS Inc. reverse stock split affect the number of shares outstanding?
The reverse stock split reduced the number of outstanding common shares from approximately 24.7 million to approximately 1.23 million. The change applies to all outstanding common shares.
How were fractional shares handled in the C3IS Inc. (CISS) reverse stock split?
No fractional shares were issued in the reverse split. Stockholders who would otherwise be entitled to a fractional share received a cash payment in lieu of that fraction, based on the closing price per share on the Nasdaq Stock Market on the trading day immediately preceding the effective date, adjusted for the split.
Did the C3IS Inc. reverse stock split change the par value or authorized share count?
The company states that the reverse stock split did not change the par value of the common stock, which remains
What happened to C3IS Inc. warrants and Series A Convertible Preferred Stock after the reverse split?
The company’s outstanding warrants and 5.00% Series A Cumulative Convertible Perpetual Preferred Stock were proportionately adjusted to increase exercise or conversion prices and reduce the number of shares issuable, reflecting the reverse split. For the Class B-1, B-2, C-1 and C-2 Warrants and related preferred stock, prices may be further adjusted to the lowest daily volume weighted average price over the specified 10-trading-day window around the effective time, while keeping each series’ aggregate exercise price from original issuance unchanged.
Under what symbol and CUSIP do C3IS Inc. post-split shares trade?
After the reverse stock split, C3is Inc.’s common stock continues to trade on the Nasdaq Capital Market under the symbol CISS, now with a new CUSIP number Y18284 177.
How is this reverse stock split disclosure linked to C3IS Inc. registration statements?
The Form 6-K describing the reverse stock split is attached to a prospectus supplement and is incorporated by reference into C3is Inc.’s Form S-8 (Reg. No. 333-273306) and Form F-3 (Reg. No. 333-285135), updating those registration statements with the new capital structure information.