C3is Inc

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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C3is, Inc. is a holding company that engages in the provision of seaborne transportation services to dry bulk charterers through its subsidiaries. It offers services to dry bulk charterers such as national and private industrial users, commodity producers, and commodity traders. The company was founded on July 25, 2022 and is headquartered in Athens, Greece.

ATHENS, Greece, April 12, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has entered into an agreement to acquire the Bulk Carrier Eco Spitfire for $16.19 million from Brave Maritime, an affiliated company.

C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company

To be effective April 12, 2024 Aiming to meet the minimum bid price requirement for maintaining listing on Nasdaq ATHENS, Greece, April 10, 2024 (GLOBE NEWSWIRE) -- C3IS INC. (the “Company”) (Nasdaq: CISS) today announced that its board of directors has determined to effect a one-for-one hundred (1-for-100) reverse stock split of the Company's common stock, par value $0.01 per share.

C3IS Inc. Announces Reverse Stock Split

C3is Inc. (CISS) Q4 2023 Earnings Call Transcript

ATHENS, Greece, March 26, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, and from the third quarter of 2023, tanker transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023.

C3is Inc. reports Revenue of $13.8 million, Net Income of $5.6 million and $0.25 earnings per diluted share for the fourth quarter of 2023, and financial and operating results for the quarter and twelve months ended December 31, 2023

ATHENS, Greece, March 21, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its fourth quarter and twelve months financial results for the period ended December 31, 2023 before the market opens in New York on March 26th, 2024.

C3is Inc. announces the date for the release of the fourth quarter and twelve months 2023 financial and operating results

NEW YORK, NY / ACCESSWIRE / March 20, 2024 / Aegis Capital Corp. acted as Sole Bookrunner on a $6.0 Million Underwritten Public Offering for C3is Inc. (NASDAQ:CISS). About C3is Inc. C3is Inc. provides international seaborne transportation services.

Aegis Capital Corp. Acted as Sole Bookrunner on a $6.0 Million Underwritten Public Offering for C3is Inc. (NASDAQ: CISS)

ATHENS, Greece, March 19, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company of approximately $6.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consisted of 120,000,000 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or Pre-Funded Warrant, one half of a Class C-1 Warrant to purchase one Common Share at an exercise price of $0.075 per share (or 150% of the price of each Common Unit sold in the offering) or pursuant to an alternative cashless exercise option, which warrant will expire on the five-year anniversary of the original issuance date (the "Class C-1 Warrants") and one Class C-2 Warrant to purchase one Common Share at an exercise price of $0.085 per share (or 170% of the price of each Common Unit sold in the offering) which warrant will expire on the five-year anniversary of the original issuance date (the "Class C-2 Warrants" and together with the Class C-1 Warrants, the "Warrants"). The purchase price of each Common Unit was $0.05, and the purchase price of each Pre-Funded Unit was $0.04 (which is equal to the public offering price per Common Unit minus $0.01). The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full.

C3is Inc. Announces Closing of $6.0 Million Underwritten Public Offering

ATHENS, Greece, March 15, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, announced today that it has received a staff determination letter, dated March 15, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company's common stock had a closing bid price of $0.10 or less for ten consecutive trading days, through March 14, 2024, and that, consistent with Nasdaq Listing Rule 5810(c)(3)(A)(iii), the Staff has determined to delist the Company's common stock from The Nasdaq Capital Market. The letter further provides that the Company has until March 22, 2024 to appeal the Staff's decision.

C3IS INC. Announces Receipt of Nasdaq Delisting Determination; Appeal

ATHENS, Greece, March 15, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $6.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consists of 120,000,000 Common Units or Pre-funded Units, each consisting of one share of common stock (“Common Share”) or Pre-Funded Warrant, one half of a Class C-1 Warrant to purchase one Common Share at an exercise price of $0.075 per share (or 150% of the price of each Common Unit sold in the offering) or pursuant to an alternative cashless exercise option, which warrant will expire on the five-year anniversary of the original issuance date (the "Class C-1 Warrants") and one Class C-2 Warrant to purchase one Common Share at an exercise price of $0.085 per share (or 170% of the price of each Common Unit sold in the offering) which warrant will expire on the five-year anniversary of the original issuance date (the "Class C-2 Warrants" and together with the Class C-1 Warrants, the "Warrants"). The purchase price of each Common Unit is $0.05 and the purchase price of each Pre-Funded Unit is $0.04 (which is equal to the public offering price per Common Unit minus $0.01). The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full.

C3is Inc. Announces Pricing of $6.0 Million Underwritten Public Offering

C3is (NASDAQ: CISS ) stock is on the rise Thursday as investors reacted to updated stakes in the seaborne transportation company following a public offering. First off, this public offering included 28 million units.

Why Is C3is (CISS) Stock Up 36% Today?

NEW YORK, NY / ACCESSWIRE / January 24, 2024 / Aegis Capital Corp. acted as Sole Bookrunner on an Upsized $7.0 Million Underwritten Public Offering for C3is Inc. (NASDAQ:CISS). About C3is Inc. C3is Inc. provides international seaborne transportation services.

Aegis Capital Corp. Acted as Sole Bookrunner on an Upsized $7.0 Million Underwritten Public Offering for C3is Inc. (NASDAQ:CISS)

Athens, GREECE, Jan. 23, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company of approximately $7.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 million. The offering consisted of 28,000,000 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or Pre-Funded Warrant, one half of a Class B-1 Warrant to purchase one Common Share at an exercise price of $0.375 per share (or 150% of the price of each Common Unit sold in the offering) or pursuant to an alternative cashless exercise option, which warrant will expire on the five-year anniversary of the original issuance date (the "Class B-1 Warrants") and one Class B-2 Warrant to purchase one Common Share at an exercise price of $0.425 per share (or 170% of the price of each Common Unit sold in the offering) which warrant will expire on the five-year anniversary of the original issuance date (the "Class B-2 Warrants" and together with the Class B-1 Warrants, the "Warrants"). The purchase price of each Common Unit was $0.25, and the purchase price of each Pre-Funded Unit was $0.24 (which is equal to the public offering price per Common Unit minus $0.01). The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full.

C3is Inc. Announces Closing of $7.0 Million Upsized Underwritten Public Offering

ATHENS, Greece, Jan. 19, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $7.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 Million. The offering consists of 28,000,000 Common Units or Pre-funded Units, each consisting of one share of common stock (“Common Share”) or Pre-Funded Warrant, one half of a Class B-1 Warrant to purchase one Common Share at an exercise price of $0.375 per share (or 150% of the price of each Common Unit sold in the offering) or pursuant to an alternative cashless exercise option, which warrant will expire on the five-year anniversary of the original issuance date (the "Class B-1 Warrants") and one Class B-2 Warrant to purchase one Common Share at an exercise price of $0.425 per share (or 170% of the price of each Common Unit sold in the offering) which warrant will expire on the five-year anniversary of the original issuance date (the "Class B-2 Warrants" and together with the Class B-1 Warrants, the "Warrants"). The purchase price of each Common Unit is $0.25, and the purchase price of each Pre-Funded Unit is $0.24 (which is equal to the public offering price per Common Unit minus $0.01). The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full.

C3is Inc. Announces Pricing of $7.0 Million Upsized Underwritten Public Offering

C3is Inc. (NASDAQ:CISS ) Q3 2023 Results Conference Call November 3, 2023 11:00 AM ET Company Participants Dr. Diamantis Andriotis - CEO Nina Pyndiah - CFO Dr. Diamantis Andriotis Good morning, everyone, and welcome to our C3is Third Quarter 2023 Earnings Conference Call and Webcast. This is Dr. Diamantis Andriotis, CEO of the Company.

C3is Inc. (CISS) Q3 2023 Earnings Call Transcript

ATHENS, Greece, Nov. 03, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk seaborne transportation services, and from Q3 2023, tanker transportation services, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2023. These financial results were based on the accounts of C3is Inc. and its wholly owned subsidiaries, which were prepared as if the subsidiaries owning dry bulk vessels were consolidated subsidiaries of C3is for the entire periods presented, since the date the vessels were acquired by these subsidiaries, and using the historical carrying costs of the assets and the liabilities of these subsidiaries.

C3is Inc. reports third quarter and nine months 2023 financial and operating results, with net revenues and net income representing increases of 378% and 1,018% respectively from the previous quarter

ATHENS, Greece, Oct. 31, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its third quarter's financial results for the period ended September 30, 2023 before the market opens in New York on November 3rd, 2023.

C3is Inc. announces the date for the release of the third quarter 2023 financial and operating results

ATHENS, Greece, Sept. 01, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023. These financial results were based on the accounts of C3is Inc. and its wholly owned subsidiaries, which were prepared using the historical carrying costs of the assets and the liabilities of the subsidiaries from their dates of incorporation.

C3is Inc. reports second quarter and six months 2023 financial and operating results

ATHENS, Greece, Aug. 31, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its second quarter and six months financial results for the period ended June 30, 2023 before the market opens in New York on September 1st, 2023.

C3is Inc. announces the date for the release of the second quarter and six months 2023 financial and operating results

ATHENS, Greece, Aug. 25, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated August 24, 2023, indicating that because the closing bid price of the Company's common stock for 30 consecutive business days, from July 13, 2023 through August 23, 2023, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until February 20, 2024.

C3is Inc. Announces Receipt of Nasdaq Notice

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ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq:CISS) (the “Company”) announced today that it has entered into an agreement to acquire for $43 million the M/T Stealth Berana, an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, from Imperial Petroleum Inc.

C3is Announces Agreement to Acquire One Aframax Oil Tanker, and Estimated Net Asset Value Premium at 370% Over Market Capitalization

ATHENS, Greece, June 30, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, announced today that it has entered into a securities purchase agreement with a single institutional investor to purchase 4,765,000 units at a price of $1.05 per unit containing a common share and a price of $1.04 per unit containing a pre-funded warrant in lieu of a common share. Each unit consists of one common share (or pre-funded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before discounts and commissions and estimated offering expenses, are expected to be approximately $5.0 million.

C3is Inc. Announces Pricing of $5 Million Public Offering

ATHENS, Greece, June 21, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, today announced that it has completed its spin-off from Imperial Petroleum Inc., effective June 21, 2023. The Company's shares of common stock, par value $0.01 per share, will commence trading on Thursday, June 22, 2023, on the Nasdaq Capital Market under the ticker symbol “CISS.”

C3is Inc. Announces Commencement of Trading on the Nasdaq Capital Market

ATHENS, Greece, June 21, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its first quarter's financial results for the period ended March 31, 2023 before the market opens in New York on June 23, 2023.

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