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C3is (NASDAQ: CISS) buys $22.9M product tanker, lifting fleet to six ships

Filing Impact
(Neutral)
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(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

C3is Inc. has agreed to acquire a 2011 South Korean-built product tanker with 47,203 deadweight tons (dwt) capacity for a purchase price of $22.9 million from an entity affiliated with Brave Maritime Corp Inc. The transaction with Brave Maritime, which is affiliated with members of the Vafias family, was approved by the Company’s independent directors after obtaining independent vessel valuations and using the average of those values as the reference price.

The vessel is expected to be delivered between Q1 and Q2 2026, and C3is has the option to pay the purchase price one year after the purchase agreement date without interest, giving it additional payment flexibility. After this delivery and another previously announced product tanker acquisition, and assuming no other fleet changes, C3is expects to operate six vessels with total capacity of 310,667 dwt, including three Handysize drybulk carriers, one Aframax oil tanker and two product tankers. The Form 6-K describing this transaction is incorporated into the company’s existing registration statements and prospectus.

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Insights

C3is adds a $22.9M product tanker, modestly scaling fleet capacity with flexible payment terms.

C3is Inc. agreed to buy a 2011 South Korean-built product tanker with 47,203 dwt capacity for $22.9 million from an entity affiliated with Brave Maritime Corp Inc. Independent directors approved the deal after obtaining third-party valuations and basing the purchase price on the average valuation, which helps anchor the transaction to external market assessments.

The vessel is scheduled for delivery between Q1 2026 and Q2 2026, and C3is can defer payment for one year from the purchase agreement date without interest. That structure provides short-term balance sheet flexibility, though the filing does not detail how the purchase will be funded. Following this and a previously announced product tanker acquisition, the fleet is expected to grow to six vessels totaling 310,667 dwt, slightly increasing operational scale and exposure to product tanker markets.

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-276868

PROSPECTUS SUPPLEMENT NO. 2

(TO PROSPECTUS DATED DECEMBER 18, 2025)

C3IS INC.

 

 

This is a supplement (“Prospectus Supplement”) to the prospectus, dated December 18, 2025 (“Prospectus”), of C3is Inc. (the “Company”), which forms a part of the Company’s Registration Statement on Form F-1 (Registration No. 333-276868), as amended or supplemented from time to time. This Prospectus Supplement is being filed to update and supplement the information included in the Prospectus with the information contained in our Report on Form 6-K, furnished to the U.S. Securities and Exchange Commission on January 20, 2026 (the “Form 6-K”). Accordingly, we have attached the Form 6-K to this Prospectus Supplement.

This Prospectus Supplement should be read in conjunction with, and delivered with, the Prospectus and is qualified by reference to the Prospectus except to the extent that the information in this Prospectus Supplement supersedes the information contained in the Prospectus. This Prospectus Supplement is not complete without, and may not be delivered or utilized except in connection with, the Prospectus, including any amendments or supplements to it.

 

 

Investing in our securities involves a high degree of risk. See “Risk Factors” beginning on page 9 of the Prospectus for a discussion of information that should be considered in connection with an investment in our securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

 

The date of this prospectus supplement is January 20, 2026.


 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number 001-41717

 

 

C3IS INC.

(Translation of registrant’s name into English)

 

 

331 Kifissias, Avenue Kifissia 14561 Athens, Greece

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form  40-F ☐

 

 
 


INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Vessel Acquisition Agreement

C3is Inc. (the “Company”) has entered into an agreement to acquire a 2011 South Korean-built product tanker with 47,203 deadweight tons (dwt) capacity for a purchase price of $22.9 million, from an entity affiliated with Brave Maritime Corp Inc. The transaction with Brave Maritime, which is affiliated with members of the Vafias family, was approved by the independent directors of the Company, which obtained independent valuations of the vessel, and used the average price of these valuations.

The vessel is expected to be delivered between Q1 and Q2 2026. The Company has the option to pay for the vessel one year after the date of the purchase agreement, without interest.

Following this vessel delivery, and assuming no further acquisitions or dispositions other than the pending product tanker acquisition previously announced, the Company’s fleet will total 6 vessels, three Handysize drybulk carriers with a total capacity of 97,664 dwt, an Aframax oil tanker with a capacity of approximately 115,800 dwt and two product tankers with a capacity of approximately 97,203 dwt, resulting in a fleet total capacity of 310,667 dwt.

*****

This report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form S-8 (Reg. No. 333-273306) filed with the Securities and Exchange Commission on July 18, 2023 and Registration Statement on Form F-3 (Reg. No. 333- 285135) filed with the Securities and Exchange Commission on February 21, 2025.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 20, 2026

 

C3IS INC.
By:  

/s/ Nina Pyndiah

Name:   Nina Pyndiah
Title:   Chief Financial Officer

FAQ

What vessel is C3is (CISS) acquiring and what is the purchase price?

C3is Inc. is acquiring a 2011 South Korean-built product tanker with 47,203 dwt capacity for a purchase price of $22.9 million from an entity affiliated with Brave Maritime Corp Inc.

When is the newly acquired C3is (CISS) product tanker expected to be delivered?

The vessel is expected to be delivered to C3is Inc. between Q1 and Q2 2026.

Does C3is (CISS) have flexibility in paying for the new tanker?

Yes. C3is Inc. has the option to pay for the vessel one year after the date of the purchase agreement, without interest, providing timing flexibility for the payment.

How will this acquisition affect the C3is (CISS) fleet size and capacity?

After this vessel is delivered and together with a previously announced product tanker acquisition, and assuming no other fleet changes, C3is Inc. expects to own 6 vessels with a total capacity of 310,667 dwt, comprising three Handysize drybulk carriers, one Aframax oil tanker and two product tankers.

How was the related-party vessel transaction approved at C3is (CISS)?

The purchase from an entity affiliated with Brave Maritime, itself affiliated with members of the Vafias family, was approved by independent directors of C3is Inc., who obtained independent vessel valuations and used the average valuation price.

How is this vessel acquisition disclosure linked to C3is (CISS) registration statements?

The Form 6-K describing the vessel acquisition is incorporated by reference into C3is Inc.’s Registration Statements on Form S-8 (No. 333-273306) and Form F-3 (No. 333-285135), and the prospectus supplement updates the F-1 prospectus.
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