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CISS News
CISS Events
C3is Inc Trading Halted, News Pending
C3is Inc trading halted, news pending
C3is Inc. Prices Public Offering of 11.535 Million Units at $0.52 Each
C3is Inc. announced the pricing of its underwritten public offering of 11,535,000 units at a public offering price of 52c per unit. Each unit consists of one common share and one Class F warrant to purchase one common share. Each warrant will expire one year from the date of issuance, will be immediately exercisable upon issuance at an initial exercise price of 52c per share, subject to adjustment on the second and fifth trading days following the closing of the offering to 70% and 50%, respectively, of the initial exercise price, and the number of common shares underlying the warrants will be proportionally increased. The warrants may also be exercised on a zero cash exercise option pursuant to which the holder may exchange each warrant for twice the number of common shares issuable on a cash exercise of the warrant. Gross proceeds to the company, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $6M. The offering is expected to close on or about July 28, 2026, subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as sole book-running manager in connection with the offering. The company has granted the underwriters a 45-day option to purchase up to an additional 908,765 common shares and/or additional warrants to purchase up to 908,765 common shares, at its respective public offering price less underwriting discounts and commissions.
Maxim Group is Sole Book-Running Manager for the Offering
Maxim Group is sole book-running manager for the offering.
C3is Inc Trading Halted, News Pending
C3is Inc trading halted, news pending
Company Reports Q4 Revenue of $10.6M for 2025
Reports Q4 revenue $10.6M vs. $9.4M last year. CEO Dr. Diamantis Andriotis commented: "During the year ended December 2025, our Company delivered strong financial results, reporting a Net Income of $10.5M - an increase of 481% from 2024, and an EBITDA of $17M - an increase of 244% from 2024, a result of our fleet expansion strategy and operational efficiency. We ended the year with $14.9M in cash, despite repaying the remaining $15.1M balance on the Eco Spitfire. In August 2025, we successfully completed the dry-docking of our Aframax tanker, the Afrapearl II. Our strong liquidity and fully unencumbered fleet further reinforce our balance sheet strength. While geopolitical developments and climate-related disruptions continue to create volatility, elevated freight rates, resilient oil demand and shifting trade patterns support a constructive market outlook. Global seaborne trade is expected to grow further, driven by population growth, geopolitics, sanctions and steady biofuel demand, pointing to another firm year in 2026. With the announced acquisition of two product tankers, scheduled for delivery between the first and third quarters of 2026, we are positioning the Company for its next phase of growth. These additions will expand our fleet capacity by 387% from inception, enabling us to fully capitalize on the strong market fundamentals ahead."
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