C3is Inc. (CISS) Form 424B3 — Jul 28, 2026
C3is Inc. completed a registered offering on July 28, 2026, issuing 11,535,000 units consisting of common shares and Class F warrants for gross proceeds of approximately $6.0 million. The offering comprised 10,435,000 common units and 1,100,000 pre-funded units, with underwriter Maxim Group LLC exercising its over-allotment option for an additional 908,765 Class F warrants. The Class F warrants included in the units contain aggressive reset mechanisms, with the exercise price dropping from $0.52 to $0.364 and $0.26 on the second and fifth trading days following the closing.
Key figures
- Gross Proceeds
- $6.0 million
- Offering Price
- $0.4888
- Shares Offered
- 11,535,000
- Common units
- 10435000
- Pre funded units
- 1100000
- Greenshoe warrants
- 908765
- Reverse split ratio
- 1-for-7
- Warrant reset price 1
- $0.364
- Warrant reset price 2
- $0.26
- Warrant exercise price initial
- $0.52
AI analysis
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