C3is prices offering with 11,535,000 Class F warrants exercisable at $0.52 per share - CISS News | RalliesC3is prices offering with 11,535,000 Class F warrants exercisable at $0.52 per share
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CISS• Offering priced with warrants and expected proceeds
- C3is priced 11,535,000 units at $0.52 each, with each unit including one common share or pre-funded warrant, plus one Class F warrant.
- The Class F warrants are immediately exercisable at $0.52, expire in one year, and include exercise-price resets to 70% and 50% post-close.
- The warrants also include a zero-cash exercise option that allows each warrant to be exchanged for twice the shares issuable on a cash exercise.
- Gross proceeds are expected to be about $6 million, with closing targeted for July 28, 2026.
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