C3IS INC. GRANTED 180-DAY EXTENSION BY NASDAQ TO REGAIN COMPLIANCE WITH MINIMUM BID PRICE RULE

Athens, Greece, February 22, 2024 – C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced that the Company received formal notification from the Listing Qualification Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it has been granted an additional 180-day compliance period, or until August 19, 2024, to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5550(a)(2) (the “Rule”).

If at any time until August 19, 2024, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company will regain compliance with the Rule, and the matter will be closed. (more…)

C3is Inc. Announces Closing of $7.0 Million Upsized Underwritten Public Offering

ATHENS, Greece, Jan. 23, 2024 (GLOBE NEWSWIRE) — C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company of approximately $7.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 million. The offering consisted of 28,000,000 Common Units or Pre-funded Units, each consisting of one share of common stock (“Common Share”) or Pre-Funded Warrant, one half of a Class B-1 Warrant to purchase one Common Share at an exercise price of $0.375 per share (or 150% of the price of each Common Unit sold in the offering) or pursuant to an alternative cashless exercise option, which warrant will expire on the five-year anniversary of the original issuance date (the “Class B-1 Warrants”) and one Class B-2 Warrant to purchase one Common Share at an exercise price of $0.425 per share (or 170% of the price of each Common Unit sold in the offering) which warrant will expire on the five-year anniversary of the original issuance date (the “Class B-2 Warrants” and together with the Class B-1 Warrants, the “Warrants”). The purchase price of each Common Unit was $0.25, and the purchase price of each Pre-Funded Unit was $0.24 (which is equal to the public offering price per Common Unit minus $0.01). The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. (more…)

C3is Inc. Announces Pricing of $7.0 Million Upsized Underwritten Public Offering

ATHENS, Greece, Jan. 19, 2024- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $7.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 Million. The offering consists of 28,000,000 Common Units or Pre-funded Units, each consisting of one share of common stock (“Common Share”) or Pre-Funded Warrant, one half of a Class B-1 Warrant to purchase one Common Share at an exercise price of $0.375 per share (or 150% of the price of each Common Unit sold in the offering) or pursuant to an alternative cashless exercise option, which warrant will expire on the five-year anniversary of the original issuance date (the “Class B-1 Warrants”) and one Class B-2 Warrant to purchase one Common Share at an exercise price of $0.425 per share (or 170% of the price of each Common Unit sold in the offering) which warrant will expire on the five-year anniversary of the original issuance date (the “Class B-2 Warrants” and together with the Class B-1 Warrants, the “Warrants”). The purchase price of each Common Unit is $0.25, and the purchase price of each Pre-Funded Unit is $0.24 (which is equal to the public offering price per Common Unit minus $0.01). The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. (more…)

Q3 2023 financial and operating results

PARTICIPANT WEBCAST LINK:This link should be distributed to anyone who would like to view the live webcast. https://edge.media-server.com/mmc/p/d83agzvv Title: Q3 2023 financial and operating results     Date: 3rd November 2023 Start Time: 11:00 ET/16:00 BST – Start of live event Download the presentation c3is Q3 2023 PARTICIPANT CALL LINK:This link and instructions should be distributed Read more…

C3is Inc. reports third quarter and nine months 2023 financial and operating results, with net revenues and net income representing increases of 378% and 1,018% respectively from the previous quarter.

Athens, Greece, November 3, 2023 – C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, and from Q3 2023, tanker transportation services, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2023. These financial results were based on the accounts of C3is Inc. and its wholly owned subsidiaries, which were prepared as if the subsidiaries owning drybulk vessels were consolidated subsidiaries of C3is for the entire periods presented since the date the vessels were acquired by these subsidiaries and using the historical carrying costs of the assets and the liabilities of these subsidiaries. (more…)

C3is Inc. announces the date for the release of the third quarter 2023 financial and operating results

Athens, Greece, October 31, 2023 – C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its third quarter’s financial results for the period ended September 30, 2023 before the market opens in New York on November 3rd, 2023.

On November 3rd, 2023, at 11:00 am ET, the company’s management will host a conference call to present the results and the company’s operations and outlook. (more…)

C3is Inc. reports second quarter and six months 2023 financial and operating results

Athens, Greece, September 1, 2023 – C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk and tanker seaborne transportation services, and from Q3 2023, tanker transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023. These financial Read more…

Q2 2023 financial and operating results 1st September 2023 11:00 ET/16:00 BST

PARTICIPANT WEBCAST LINK:This link should be distributed to anyone who would like to view the live webcast. https://edge.media-server.com/mmc/p/fnw7rwbj Title: Q2 2023 financial and operating results     Date: 1st September 2023 Start Time: 11:00 ET/16:00 BST – Start of live event Download the presentation c3is Q2 2023 PARTICIPANT CALL LINK: This link and Read more…

C3is Inc. announces the date for the release of the second quarter 2023 financial and operating results

Athens, Greece, August 30, 2023 – C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its second quarter’s financial results for the period ended June 30, 2023 before the market opens in New York on September 1st, 2023. On September Read more…