
Corporate ActionJul 28, 2026, 04:07 PM
C3is Inc. Completes Registered Offering, Raises $6.0M Gross Proceeds
AI Summary
C3is Inc. announced the completion of a registered offering on July 28, 2026, raising approximately $6.0 million in aggregate gross proceeds. The offering consisted of 11,535,000 units, including 10,435,000 common units and 1,100,000 pre-funded units. Each unit included a Class F Warrant, and the underwriter also exercised an over-allotment option for 908,765 Class F Warrants. The Class F Warrants feature an initial exercise price of $0.52, with potential downward adjustments to $0.364 and $0.26, and include cashless exercise options.
Key Highlights
- Completed registered offering of 11,535,000 units.
- Offering included 10,435,000 common units and 1,100,000 pre-funded units.
- Underwriter exercised option for 908,765 additional Class F Warrants.
- Aggregate gross proceeds from the offering were approximately $6.0 million.
- Initial exercise price of Class F Warrants is $0.52.
- Class F Warrants have reset prices of $0.364 and $0.26.
Price Impact
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