StockWatch
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Marine Transportation
AGM/EGMJul 22, 2026, 05:06 PM

C3is Stockholders Approve Reverse Stock Split

AI Summary

C3is Inc. held its 2026 Annual Meeting of Stockholders on July 17, 2026. During the meeting, stockholders re-elected Mr. Harry N. Vafias and Mr. George Xiradakis as Class III directors for terms expiring in 2029. Additionally, the appointment of Deloitte Certified Public Accountants, S.A. as independent auditors was ratified. Most significantly, stockholders approved amendments to the company's Restated Articles of Incorporation to effect one or more reverse stock splits of its common stock, with a ratio between one-for-two and one-for-1,000, to be determined by the Board within three years.

Key Highlights

  • Stockholders approved one or more amendments to effect reverse stock splits of common stock.
  • The reverse stock split ratio will be not less than one-for-two and not more than one-for-1,000.
  • The exact ratio will be determined by the Board of Directors within three years of approval.
  • Mr. Harry N. Vafias and Mr. George Xiradakis were re-elected as Class III directors.
  • Deloitte Certified Public Accountants, S.A. was ratified as the independent auditor.