C3is has priced an underwritten public offering of 11.535 million units at $0.52 per unit, expecting gross proceeds of approximately $6.0 million. Each unit consists of one common share and one Class F warrant to purchase one common share, with the warrants immediately exercisable at $0.52 per share and expiring in one year. The warrant exercise price will be adjusted to 70% of the initial price on the second trading day after the offering closes and to 50% on the fifth trading day. The offering is expected to close around July 28, 2026, and the underwriters have a 45-day option to purchase up to 908,765 additional shares or warrants.
C3is Inc.Company prices a dilutive public offering at $0.52 per unit, raising $6 million with warrants that could further dilute shares.