SplitNov 5, 2026, 09:16 AM
C3is Inc. Announces 1-for-5 Reverse Stock Split
AI Summary
C3is Inc. announced a one-for-five reverse stock split of its common stock, effective November 8, 2026. The company's shares will begin trading on a split-adjusted basis on The Nasdaq Capital Market on November 9, 2026. This move is intended to increase the stock's market price and ensure compliance with Nasdaq's minimum bid price requirement for continued listing. Fractional shares will be settled in cash.
Key Highlights
- C3is Inc. announces a 1-for-5 reverse stock split of its common stock.
- The reverse stock split will take effect at 11:59 pm Eastern Time on November 8, 2026.
- Trading on a split-adjusted basis will commence on The Nasdaq Capital Market on November 9, 2026.
- The split aims to increase the market price of the Company's common stock to meet Nasdaq's minimum bid price requirement.
- Outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted.
- Fractional shares will not be issued; stockholders will receive cash in lieu thereof.
Price Impact
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