C3is Inc. Closes $9 Million Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
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Source: Newsfilter
- Successful Fundraising: C3is Inc. closed a public offering on December 12, 2025, raising approximately $9 million, reflecting market confidence in its dry bulk and tanker transportation services.
- Unit Structure: The offering consisted of 7.5 million units, each containing one common share or one pre-funded warrant, enhancing investor flexibility and participation.
- Use of Proceeds: The company intends to utilize the net proceeds for capital expenditures, including the acquisition of additional vessels yet to be identified, aiming to expand its fleet to meet market demand.
- Legal Compliance: Aegis Capital Corp. acted as the exclusive placement agent for the offering, ensuring compliance and smooth execution of the transaction, which further enhances the company's market credibility.
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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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