C3is (Nasdaq: CISS) consolidates stock in 1-for-40 reverse split
Rhea-AI Filing Summary
C3is Inc. (CISS) updated its existing Form F-1 prospectus by incorporating a recent Form 6-K that describes a one-for-40 reverse stock split of its common shares, effective as of 11:59 p.m. Eastern time on August 18, 2026. The 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 paid in lieu of fractional shares. The company’s stock continues to trade on the Nasdaq Capital Market under the symbol CISS on a split-adjusted basis, now with a new CUSIP Y18284409. Outstanding warrants and 5.00% Series A Cumulative Convertible Perpetual Preferred Stock are proportionately adjusted for the reverse split, with additional exercise and conversion price resets based on a future volume weighted average price window.
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Filing Explained
The August 19 supplement carries the completed reverse-split disclosure into C3is’s Form S-8 and Form F-3 registration statements.
This Form 424B3 prospectus supplement updates the July 27, 2026 prospectus with the August 19, 2026 Form 6-K, which reports that the one-for-40 reverse split became effective at 11:59 p.m. Eastern time on
The Form 6-K is incorporated by reference into the company’s Form S-8 and Form F-3 registration statements, carrying the reverse-split disclosure into those registration documents.
Key Figures
Key Terms
reverse stock split financial
volume weighted average price financial
Series A Cumulative Convertible Perpetual Preferred Stock financial
alternative zero cash exercise exchange option financial
Business Corporations Act regulatory
Offering Details
FAQ
What corporate action did C3is Inc. (CISS) implement in August 2026?
When did C3is Inc. (CISS) start trading on a split-adjusted basis?
What happens to C3is Inc. (CISS) warrants and Series A preferred after the split?
Did the C3is Inc. (CISS) reverse stock split change its trading symbol or CUSIP?
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