C3is Announces 1-for-20 Reverse Stock Split, Reducing Shares to 1.02M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
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Source: seekingalpha
- Reverse Stock Split Decision: C3is announced a 1-for-20 reverse stock split effective January 25, 2026, reducing outstanding shares from approximately 20.5 million to about 1.02 million, aimed at increasing share price to attract more investor interest.
- Shareholder Rights Protection: The reverse stock split will not change the par value per share, and no fractional shares will be issued; instead, shareholders will receive cash for fractional shares based on the Nasdaq closing price on January 23, 2026, ensuring shareholder rights are preserved.
- Positive Market Reaction: Following the announcement of the reverse stock split, C3is shares rose by 8.37%, indicating increased market confidence in the company's future, which may attract more institutional investors.
- Strategic Implications: By implementing the reverse stock split, C3is aims to enhance its stock market image and liquidity, strengthening its competitive position in the capital markets and laying the groundwork for future financing and expansion.
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About CISS
C3is Inc. is a Greece-based entity, incorporated in Marshall Islands, primarily engaged in seaborne transportation services to drybulk charterer for both national and private clients. The Company acts as a holding company and operates through its two subsidiaries. The Company's fleet consists of two handysize drybulk carriers: Eco Bushfire and Eco Angelbay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
C3is Inc. Stock Soars After Reverse Split Implementation
- Reverse Split Implementation: C3is Inc. executed a 1-for-20 reverse stock split on Sunday, leading to a 15.59% surge in after-hours trading to $2.15, despite a 9.71% drop to $1.86 during regular trading, indicating initial market reaction to the split.
- Share Count Reduction: The reverse split reduced outstanding shares from approximately 24.7 million to 1.23 million, with no fractional shares issued, and shareholders compensated in cash, aimed at enhancing per-share value and attracting investor interest.
- Warrant Adjustments: The company’s outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted to reflect the reverse split, ensuring investor rights are preserved and potentially boosting market confidence.
- Market Performance Analysis: C3is Inc. has a Relative Strength Index (RSI) of 19.67 and a market capitalization of $1.91 million, with a staggering 98.71% decline in stock price over the past 12 months, currently positioned near its 52-week low, reflecting significant loss of investor confidence.
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C3is (CISS) Acquires Two Medium Range Tankers for $39.8 Million, Expanding Fleet by 50%
- Acquisition Announcement: C3is has agreed to acquire two medium range product tankers for a total of $39.8 million, with one tanker priced at $16.88 million and the other at $22.90 million, expected to be delivered between Q1 and Q3 of 2026, thereby expanding its fleet by 50%.
- Fleet Expansion: Following the acquisitions, C3is will increase its fleet to six vessels, comprising three Handysize dry bulk carriers and three tankers, including an Aframax oil tanker, which enhances the company's competitive position in the shipping market.
- Funding Source: The company stated that the acquisitions will be financed through a one-year interest-free loan, ensuring financial flexibility and cost control for the transactions.
- Board Approval: The deals have been approved by C3is's independent directors, reflecting the company's commitment to governance transparency and shareholder interests.
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