C3is Inc. Executes 1-for-2.5 Reverse Stock Split
Ticker: CISS · Form: 6-K · Filed: Jan 2, 2025 · CIK: 1951067
Sentiment: neutral
Topics: reverse-stock-split, corporate-action, filing
TL;DR
C3is Inc. just did a 1-for-2.5 reverse stock split effective Dec 31, 2024.
AI Summary
On December 31, 2024, C3is Inc. filed an amendment to its Restated Articles of Incorporation to implement a one-for-2.5 reverse stock split. This action was effective as of 11:59 p.m. Eastern time on December 31, 2024, affecting the company's issued and outstanding shares of common stock.
Why It Matters
A reverse stock split can be a strategic move to increase the per-share price of a company's stock, potentially making it more attractive to investors and meeting exchange listing requirements.
Risk Assessment
Risk Level: medium — Reverse stock splits can sometimes signal underlying financial difficulties or attempts to artificially inflate share price, which can be a concern for investors.
Key Numbers
- 1-for-2.5 — Reverse Stock Split Ratio (This indicates that for every 2.5 shares of common stock held, shareholders will now have 1 share.)
Key Players & Entities
- C3is Inc. (company) — Filer of the 6-K report and subject of the reverse stock split.
- December 31, 2024 (date) — Date the amendment to effectuate the reverse stock split was filed and the effective date of the split.
- 1-for-2.5 (ratio) — The ratio of the reverse stock split.
FAQ
What was the exact filing date for the amendment to effectuate the reverse stock split?
The amendment was filed on December 31, 2024.
What is the effective time and date of the reverse stock split?
The reverse stock split was effective as of 11:59 p.m. Eastern time on December 31, 2024.
What is the par value of C3is Inc.'s common stock?
The par value of C3is Inc.'s common stock is $0.01 per share.
What is the ratio of the reverse stock split?
The reverse stock split is a one-for-2.5 ratio.
What type of filing is this report?
This is a Form 6-K report of a foreign private issuer.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2025-01-02 16:06:56
Key Financial Figures
- $0.01 — ng shares of common stock, par value of $0.01 per share. A copy of the amendment is a
Filing Documents
- d883835d6k.htm (6-K) — 12KB
- d883835dex41.htm (EX-4.1) — 7KB
- d883835dex42.htm (EX-4.2) — 16KB
- d883835dex991.htm (EX-99.1) — 10KB
- 0001193125-25-000639.txt ( ) — 46KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 2, 2025 C3IS INC. By: /s/ Nina Pyndiah Name: Nina Pyndiah Title: Chief Financial Officer