Key Highlights

  • C3is Inc.'s Board of Directors has determined to effect a 1-for-40 reverse stock split.
  • The Reverse Stock Split takes effect at 11:59 PM Eastern Time on August 18, 2026.
  • Split-adjusted trading on the Nasdaq Capital Market begins at the opening of trading on August 19, 2026.
  • A new CUSIP number, Y18284409, will be assigned to the common stock once the split becomes effective.

C3is Inc. (NASDAQ: CISS) announced that its board of directors has determined to effect a one-for-forty (1-for-40) reverse stock split of the company's common stock, Par Value $0.01 per share.

What Happened

The reverse stock split will take effect at 11:59 PM Eastern Time on August 18, 2026, and the company's common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market as of the opening of trading on August 19, 2026.

The CUSIP number Y18284409 will be assigned to the company's common stock when the reverse stock split becomes effective.

Under a 1-for-40 ratio, every 40 shares of existing common stock will be consolidated into a single share, reducing the total number of shares outstanding while proportionally increasing the per-share price, though the overall Market Value of a shareholder's position is not directly affected by the mechanics of the split itself.

Market Reaction

The disclosed information does not include stock price or trading data for C3is Inc. following the announcement.

Reverse stock splits of this kind are often used by companies to raise their per-share trading price, which can help satisfy minimum bid price requirements for continued listing on an exchange such as the Nasdaq Capital Market.

Outlook

The start of split-adjusted trading on August 19, 2026, under the new CUSIP number, represents the next practical milestone for shareholders and Market Participants tracking the stock.

Investors are likely to watch how the stock trades under its new, consolidated share structure once the adjustment takes effect, particularly in the sessions immediately following the change.