C3is Inc. prices $6.0M unit offering with warrants
C3is Inc. priced an underwritten public offering of 11,535,000 units at $0.52 per unit, for expected gross proceeds of approximately $6.0 million before underwriting discounts and other expenses.
Rhea-AI Filing Summary
C3is Inc. priced an underwritten public offering of 11,535,000 units at $0.52 per unit, for expected gross proceeds of approximately $6.0 million before underwriting discounts and other expenses. Each unit consists of one common share (or a pre-funded warrant in lieu thereof) and one Class F warrant to purchase one common share.
The Class F warrants expire one year from issuance, are immediately exercisable at an initial price of $0.52 per share, and their exercise price is subject to adjustment on the second and fifth trading days to 70% and 50% of the initial price, with the number of underlying shares proportionally increased. The warrants may also be exercised on a zero cash exercise option under which each warrant can be exchanged for twice the number of shares issuable on a cash exercise.
The offering is expected to close on or about July 28, 2026, subject to customary closing conditions, with Maxim Group LLC acting as sole book-running manager. C3is granted the underwriters a 45-day option to purchase up to 908,765 additional common shares and/or warrants to purchase up to 908,765 common shares at the public offering price less underwriting discounts and commissions. A registration statement on Form F-1 (File No. 333-297627) became effective on July 27, 2026, and this report is incorporated by reference into the company’s existing Form S-8 and Form F-3 registration statements.
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Key Figures
Key Terms
underwritten public offering financial
pre-funded warrant financial
Class F warrant financial
zero cash exercise option financial
registration statement on Form F-1 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did C3IS Inc. (CISS) announce in its July 2026 capital raise?
What are the key terms of the Class F warrants in C3IS (CISS)'s offering?
When is the C3IS Inc. (CISS) unit offering expected to close, and who manages it?
What additional purchase option did C3IS (CISS) grant underwriters in this deal?
Which SEC registration statements cover the C3IS Inc. (CISS) securities in this transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.