C3is executes 1-for-5 reverse stock split
CISS•C3is completed a 1-for-5 reverse stock split effective November 8, 2026, reducing outstanding common shares from approximately 4.2 million to 840,000. Split-adjusted trading began on Nasdaq on November 9 under CISS.
1. Share count reduced
C3is effected the 1-for-5 reverse stock split at 11:59 p.m. Eastern time on November 8, 2026. Split-adjusted trading began on the Nasdaq Capital Market the next day under CISS, and fractional shares were settled in cash.
2. Warrants adjusted
Outstanding warrants and Series A Convertible Preferred Stock received proportional adjustments, increasing exercise prices and reducing the shares issuable upon exercise. Certain warrant exercise prices reset to the lowest daily VWAP over the five trading days before and after the split took effect, if lower.
