CISS$0.4998-0.66%
C3is Inc.
Sector: Deep Sea Foreign Transportation of FreightIndustry: Marine ShippingCountry: GRExchange: Nasdaq
Mkt Cap:$1.72M
Float & O/S:
Inst Own:
DilutionScan read 45 of C3is Inc.'s SEC filings and found 10 warrant series, 1 convertible, 1 ATM program, 1 shelf registration, 6 S-1 registrations and 5 completed offerings on file for CISS. The latest dilution event on file is ATM sales on Sep 29, 2026. Analysis updated Oct 29, 2026.
Signal8 Summary
CISS
Repeated reverse splits, heavy dilution overhang
Snapshot
C3is is a tiny shipping micro-cap running dry bulk carriers and a tanker fleet. FY 2025 revenue fell 17.8% to $34.8M, though Q2 2026 revenue more than doubled as charter rates spiked.
What's Happening Right Now
- : Short interest fell 77.8% by September 15, 2026, dropping to 20,750 shares from 93,408 shares at the end of August.
- : Imperial Petroleum disclosed 80.5% beneficial ownership of C3is as of August 2026, with its convertible preferred conversion price reset to $2.4444 after the reverse split.
- : Q2 2026 revenue more than doubled to $24.0 million and the company swung to $10.0 million net income, helped by daily charter rates jumping to $40,260.
- : C3is executed a 1-for-40 reverse stock split effective August 19, 2026, its third reverse split in a year, cutting shares outstanding from about 57.6 million to 1.44 million to meet Nasdaq's minimum bid price rule.
- : On July 27, 2026 the company priced a $6.0 million public offering of units with warrants carrying step-down strike prices and a zero-cash exercise feature.
