C3is sets up $98M at-the-market share sale
C3is Inc. has entered into an At-The-Market Issuance Sales Agreement with Aegis Capital Corp., allowing it to sell common shares with an aggregate offering value of up to $98 million from time to time.
Rhea-AI Filing Summary
C3is Inc. has entered into an At-The-Market Issuance Sales Agreement with Aegis Capital Corp., allowing it to sell common shares with an aggregate offering value of up to $98 million from time to time. Sales will be made under the company’s effective Form F-3 shelf registration statement, using Aegis as sales agent.
The company will choose the timing and number of shares sold and plans to use any proceeds for working capital and general corporate purposes, including paying part of the purchase price for two contracted product tankers or other vessel acquisitions.
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FAQ
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What did C3is Inc. (CISS) announce in this Form 6-K?
How much stock can C3is Inc. (CISS) sell under the new ATM program?
What will C3is Inc. (CISS) use the ATM proceeds for?
Who is acting as sales agent for C3is Inc. (CISS) in the ATM facility?
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