An announcement from C3is Inc. ( (CISS) ) is now available.
On April 2, 2025, C3is Inc. announced a one-for-six reverse stock split of its common stock, effective at 11:59 pm Eastern Time on April 3, 2025. This move aims to increase the market price of the company’s stock to meet the minimum bid price requirement for maintaining its listing on Nasdaq. The reverse stock split will reduce the number of outstanding shares from approximately 4.2 million to 0.7 million, with stockholders receiving cash payments for fractional shares. The adjustment is expected to positively impact the company’s market position by ensuring compliance with Nasdaq’s listing standards.
More about C3is Inc.
C3is Inc. is a ship-owning company that provides dry bulk and crude oil seaborne transportation services. The company owns a fleet consisting of three handysize drybulk carriers and an Aframax oil tanker, with a total capacity of 213,464 deadweight tons. C3is Inc.’s shares are listed on the Nasdaq Capital Market under the symbol ‘CISS.’
YTD Price Performance: -55.80%
Average Trading Volume: 93,601
Technical Sentiment Signal: Buy
Current Market Cap: $2.76M
For an in-depth examination of CISS stock, go to TipRanks’ Stock Analysis page.