InvestmentJul 27, 2026, 09:31 AM
C3is Prices $6.0M Underwritten Public Offering
AI Summary
C3is Inc. announced the pricing of an underwritten public offering, expecting to raise approximately $6.0 million in gross proceeds. The offering consists of 11,535,000 units, each priced at $0.52 and comprising one common share (or pre-funded warrant) and one Class F warrant. The warrants are immediately exercisable at $0.52 per share, with provisions for downward adjustments and a zero cash exercise option, which could lead to significant dilution. The offering is anticipated to close around July 28, 2026.
Key Highlights
- C3is Inc. priced an underwritten public offering of 11,535,000 units.
- Gross proceeds are expected to be approximately $6.0 million before deductions.
- Each unit is priced at $0.52 and consists of one common share (or pre-funded warrant) and one Class F warrant.
- Warrants are immediately exercisable at $0.52 per share, subject to adjustment to 70% and 50% of initial price.
- Warrants expire one year from issuance and can be exercised via a zero cash option.
- The offering is expected to close on or about July 28, 2026.
- Underwriters have a 45-day option to purchase up to an additional 908,765 common shares and/or warrants.
Price Impact
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