Corporate ActionJul 27, 2026, 09:33 AM
C3is Prices $6.0M Public Offering of 11.5M Units at $0.52
AI Summary
C3is Inc. announced the pricing of its underwritten public offering of 11,535,000 units at $0.52 per unit. Each unit comprises one common share (or pre-funded warrant) and one Class F warrant. The offering is expected to generate approximately $6.0 million in gross proceeds and is anticipated to close on or about July 28, 2026.
Key Highlights
- Pricing of underwritten public offering of 11,535,000 units.
- Public offering price set at $0.52 per unit.
- Each unit consists of one common share (or pre-funded warrant) and one Class F warrant.
- Gross proceeds expected to be approximately $6.0 million.
- Warrants exercisable at $0.52 per share, expiring one year from issuance.
- Underwriters have a 45-day option to purchase up to an additional 908,765 common shares and/or warrants.
Price Impact
More from CISS