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C3is Inc. ( (CISS) ) has issued an update.
C3is Inc., on April 3, 2025, implemented a one-for-six reverse stock split of its common stock, reducing the number of outstanding shares from approximately 4.2 million to 0.7 million. This move, effective as of 11:59 p.m. Eastern time, was aimed at adjusting the company’s stock structure without affecting the par value or other terms of the shares. The company’s common stock began trading on a split-adjusted basis on April 4, 2025, on the Nasdaq Capital Market under the symbol ‘CISS’. This strategic adjustment is expected to impact stakeholders by altering the exercise price and the number of shares issuable upon exercising outstanding warrants and convertible preferred stock.
More about C3is Inc.
YTD Price Performance: -59.65%
Average Trading Volume: 103,988
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.43M
For an in-depth examination of CISS stock, go to TipRanks’ Stock Analysis page.