C3is Inc. announced a one-for-forty reverse stock split of its common stock, effective at 11:59 pm Eastern Time on August 18, 2026, with trading on a split-adjusted basis beginning on Nasdaq on August 19, 2026. The reverse split will reduce outstanding shares from approximately 57.6 million to approximately 1.44 million, and the company's outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted. The move aims to increase the market price of the common stock and satisfy Nasdaq's minimum bid price requirement for continued listing. No fractional shares will be issued; stockholders entitled to a fraction will receive a cash payment based on the closing price on August 18, 2026, as adjusted for the split.
C3is Inc.Reverse stock split to meet Nasdaq listing requirement; no fundamental change, impact on stock price is mechanical.
