AGM/EGMJun 22, 2026, 05:06 PM
C3is Inc. Schedules 2026 AGM; Proposes Reverse Stock Split
AI Summary
C3is Inc. announced its 2026 Annual Meeting of Stockholders to be held on July 17, 2026, in Athens, Greece. Key proposals include the election of two directors, ratification of independent auditors, and approval for one or more reverse stock splits with a ratio between 1-for-2 and 1-for-1,000 to maintain Nasdaq listing compliance. The company's 2025 audited financial statements, showing cash and cash equivalents of $616,640 and time deposits of $14,323,999 as of year-end, are also available.
Key Highlights
- 2026 Annual Meeting of Stockholders scheduled for Friday, July 17, 2026, at 11:00 a.m. Greek local time.
- Stockholders to vote on the election of two Class III directors, Harry N. Vafias and George Xiradakis.
- Proposal to ratify Deloitte Certified Public Accountants S.A. as independent auditors for the year ending December 31, 2026.
- Proposal to approve one or more reverse stock splits at a ratio of not less than 1-for-2 and not more than 1-for-1,000.
- The reverse stock split proposal aims to maintain compliance with Nasdaq's minimum bid price requirement.
- As of December 31, 2025, cash and cash equivalents were $616,640.
- As of December 31, 2025, time deposits totaled $14,323,999.
- The Company's 2025 audited financial statements are available for review.
Price Impact
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