C3is Inc. (CISS) Form 424B3 — Aug 19, 2026
C3is Inc. effected a one-for-40 reverse stock split of its common stock effective 11:59 p.m. Eastern time on August 18, 2026, with split-adjusted trading beginning on the Nasdaq Capital Market under the symbol CISS on August 19, 2026. The split reduced shares outstanding from approximately 57.6 million to approximately 1.44 million.
Key figures
- New Cusip
- Y18284409
- Vwap Reset Window
- lowest daily VWAP during the five trading days before and the five trading days following the split effective time, if lower than then-current exercise price
- Effective Date Time
- 11:59 p.m. ET on August 18, 2026
- Reverse split ratio
- 1-for-40
- Shares Outstanding After
- approximately 1.44 million
- Shares Outstanding Before
- approximately 57.6 million
- Split Adjusted Trading Start
- August 19, 2026
- Implied Share Count Reduction
- approximately 97.5%
AI analysis
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