C3is (CISS) 13D/A: Imperial Petroleum owns 6,000,000 shares (68.8%)

Imperial Petroleum Inc. filed Amendment No. 6 to its Schedule 13D reporting beneficial ownership of 6,000,000 shares of Common Stock of C3is Inc. (symbol CISS), representing 68.8% of the class after recent issuances.

Accepted by SEC EDGAR 10/10/2025 - 05:00 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Imperial Petroleum Inc. filed Amendment No. 6 to its Schedule 13D reporting beneficial ownership of 6,000,000 shares of Common Stock of C3is Inc. (symbol CISS), representing 68.8% of the class after recent issuances. The filing says the conversion price of the Issuer's Series A Convertible Preferred Stock was adjusted to $2.50 following the Issuer's registered offering and related prospectus supplement dated 10/09/2025, and that the percent ownership was updated to reflect dilution from that offering and exercise of outstanding warrants.

The statement explains Imperial Petroleum's ongoing review of its investment and reserves the right to buy, hold or sell shares by various means. It discloses that Harry N. Vafias (CEO of Imperial Petroleum) is Non-Executive Chairman of C3is and beneficially owns 100,577 shares through entities. No new transactions in the past 60 days are reported beyond the conversion-price-driven change in beneficial ownership reported here.

Positive

• Control position: Beneficial ownership of 6,000,000 shares representing 68.8%
• Transparent update: Conversion-price adjustment to $2.50 disclosed following the Issuer's registered offering on 10/09/2025

Negative

• Dilution impact: Ownership percentage reduced due to Issuer's registered offering and warrant exercises
• Pooled decision risk: Reporting Person reserves broad rights to buy or sell which could change control dynamics without prior notice

Insights

Corporate Governance Expert

Majority stake retained; intentions left broad with potential active oversight.

The Reporting Person continues to hold a controlling stake of 68.8%, which gives Imperial Petroleum the ability to influence corporate decisions and board-related outcomes. The filing ties the updated share count to a conversion-price adjustment to $2.50 triggered by a registered offering on 10/09/2025, not an active market purchase, so the change reflects contract terms rather than a new acquisition.

Imperial Petroleum explicitly reserves the right to buy or sell shares and lists a wide range of possible corporate actions it may consider. Investors should note that the filing signals potential strategic moves but does not commit to any transaction or timetable; any concrete action would be disclosed in future filings if taken.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Imperial Petroleum report in C3is (CISS)?

Imperial Petroleum reports beneficial ownership of 6,000,000 shares, representing 68.8% of C3is common stock.

Why did Imperial Petroleum update its Schedule 13D/A on 10/09/2025?

The update reflects an adjustment of the Series A conversion price to $2.50 and dilution from a registered offering and warrant exercises disclosed in the Issuer's prospectus supplement dated 10/09/2025.

Does the filing say Imperial Petroleum will sell or buy more C3is shares?

No. The filing states Imperial Petroleum may from time to time buy, hold or sell shares but does not announce any specific transaction or schedule.

Who at Imperial Petroleum is also an officer or director of C3is?

Harry N. Vafias serves as Non-Executive Chairman of C3is and is reported to beneficially own 100,577 shares through related entities.

Did Imperial Petroleum trade C3is shares in the past 60 days?

The filing states, to the best of Imperial Petroleum's knowledge, no Covered Person engaged in transactions in C3is common stock in the past 60 days, other than adjustments arising from the conversion-price change and dilution.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

C3is Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

Y18284169

(CUSIP Number)

Harry N. Vafias
331 Kifissias Avenue, Kifissia
Athens, J3, 14561
011 30210 625 0001

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/09/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. Y18284169

1

Name of reporting person

Imperial Petroleum Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MARSHALL ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 6,000,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 6,000,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

6,000,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

68.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: C3is Inc.
(c)	Address of Issuer's Principal Executive Offices: 331 Kifissias Avenue, Kifissia, Athens, GREECE , 14561.
Item 1 Comment: This Amendment No. 6 (this "Amendment No. 6") to Schedule 13D (originally filed on July 28, 2023 and amended by Amendment No. 1 filed on January 24, 2024, Amendment No. 2 filed on March 20, 2024, Amendment No. 3 filed on May 1, 2024, Amendment No. 4 on January 14, 2025 and Amendment No. 5 filed on April 15, 2025), relates to the common stock, par value $0.01 per share ("Common Stock"), of C3is Inc., a Marshall Islands corporation (the "Issuer"), and is being filed by Imperial Petroleum Inc., a Marshall Islands corporation ("Imperial Petroleum" or the "Reporting Person"). Information given in response to each item below shall be deemed incorporated by reference in all other items below. Unless indicated otherwise, all items left blank remain unchanged, and any items which are amended below are deemed to amend and update the existing items in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the statement is hereby amended by adding the following paragraphs to the end of Item 3: This Amendment No. 6 updates the number of shares of Common Stock beneficially owned by Imperial Petroleum as a result of changes in the conversion price of the 5.0% Series A Cumulative Convertible Perpetual Preferred Stock, par value $0.01 per share (the "Series A Convertible Preferred Stock"), of the Issuer. The conversion price has been adjusted to $2.50 pursuant to the terms of the Series A Convertible Preferred Stock as a result of the Issuer's sale of its Common Stock in a registered offering pursuant to the Issuer's prospectus supplement filed with the Securities and Exchange Commission (the "SEC") on October 9, 2025. This Amendment No. 6 is also being filed to update the percentage of shares of Common Stock of the Issuer beneficially owned by Imperial Petroleum to reflect dilution in percentage ownership based on the revised total number of outstanding shares of Common Stock, reflecting the issuance of shares in connection with the Issuer's prospectus supplement filed with the SEC on October 9, 2025 and upon exercise of outstanding warrants of the Issuer. Harry N. Vafias, the Chairman, Chief Executive Officer and President of Imperial Petroleum, is the Non-Executive Chairman of the Issuer and is the beneficial owner of 100,577 shares of Common Stock, including through Arethusa Properties LTD and Flawless Management, Inc., as of the date hereof. John Kostoyannis and George Xiradakis, each a director of Imperial Petroleum, are each a director of the Issuer and own nil and nil shares of Common Stock, respectively, as of the date hereof.
Item 4.	Purpose of Transaction
	The Reporting Person involved in the securities described in this Schedule 13D in connection with the Spin-Off Distribution, and intends to review its investment in the Issuer on a continuing basis. The Reporting Person may from time to time acquire additional securities of the Issuer, or retain or sell all or portion of the shares then held by the Reporting Person, in the open market, block trades, underwritten public offerings or privately negotiated transactions. Any actions the Reporting Person might undertake with respect to its investment in the Issuer may be made at any time and from time to time and will be dependent upon the Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the Issuer's business, financial condition, operations, prospects and strategic alternatives; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; tax considerations; liquidity of the Issuer's securities; and other factors and future developments. Mr. Vafias serves as the Non-Executive Chairman of the Issuer and John Kostoyannis and George Xiradakis each serve as a director of the Issuer, other shareholders of the Issuer and other relevant parties, which discussions may include matters ranging from the operations and conduct of the Issuer's business to considering or exploring extraordinary corporate transactions including the events listed in Item 4(a) through 4(j) of Schedue 13D. In connection with these discussions, the Reporting Person may, either directly or through one or more affiliates, determine to take any available course of action or to take no course of action and may at any time and from time to time take steps to further or implement such course of action, including any of the events listed in Item 4(a) through 4(j) of Schedule 13D. Any action or actions the Reporting Person may undertake with respect to its investment in the Issuer or the operations and conduct of the Issuer's business will be dependent upon the Reporting Person's review of numerous factors, including those listed above, and the Reporting Person specifically reserves the right to change its intentions, or to formulate plans and proposals, with respect to any or all of the matters described in this paragraph, subject to applicable law and regulations.
Item 5.	Interest in Securities of the Issuer
(a)	The responses of Imperial Petroleum to Rows (7) through (11) of the cover page of this Schedule are incorporated herein by reference. Except as set forth herein, neither Imperial Petroleum nor, to the knowledge of Imperial Petroleum, the Covered Persons beneficially own any Common Stock as of the date of this filing.
(b)	The responses of Imperial Petroleum to Rows (7) through (11) of the cover page of this Schedule are incorporated herein by reference. Except as set forth herein, neither Imperial Petroleum nor, to the knowledge of Imperial Petroleum, the Covered Persons beneficially own any Common Stock as of the date of this filing.
(c)	The information set forth in Item 3 is hereby incorporated herein by reference. Other than as set forth in this Schedule, neither Imperial Petroleum nor, to the best of its knowledge, any of the Covered Persons has engaged in any transaction in any Common Stock during the past 60 days.
(d)	No other person is known to Imperial Petroleum to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock covered by this Schedule.
(e)	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Imperial Petroleum Inc.

Signature:	Harry N. Vafias
Name/Title:	Chief Executive Officer
Date:	10/10/2025