C3is Inc. has announced a one-for-five reverse stock split of its common stock, aiming to increase its market price and comply with Nasdaq's listing requirements. The split will take effect at 11:59 PM Eastern Time on November 8, 2026, with trading on a split-adjusted basis commencing on November 9, 2026.

This decision is significant for C3is Inc., a company engaged in deep-sea foreign transportation of freight, as it seeks to improve its stock performance and maintain its position on the Nasdaq Capital Market.

Background

C3is Inc. operates under the ticker symbol CISS on the Nasdaq exchange. The company specializes in deep-sea foreign transportation of freight, with a fleet that includes six vessels, providing services for dry bulk and crude oil transportation. C3is is classified under the SIC code 4412.

What the Filing Says

The filing states, "This is a supplement to the prospectus, dated October 16, 2026, of C3is Inc., which forms a part of the Company’s Registration Statement on Form F-1. This Prospectus Supplement is being filed to update and supplement the information included in the Prospectus with the information contained in our Report on Form 6-K, furnished to the U.S. Securities and Exchange Commission on November 5, 2026."

Impact

This reverse stock split will affect existing shareholders by consolidating their shares, reducing the total from approximately 4.2 million to about 0.84 million. The adjustment will also apply to outstanding warrants and Series A Convertible Preferred Stock, which will see proportional changes in their exercise prices and share issuable upon exercise.

What's Next

The next steps will involve the implementation of the reverse stock split on November 9, 2026, and the company will continue to monitor its compliance with Nasdaq's listing standards.