# C3is Inc. (CISS) — capital_raise/atm_program [pending]
Source: SEC API (secapi.ai) · situation sit_2635f7a4d6b719b8a989 · retrieved 2026-08-11T16:12:47.964Z

## Overview
C3is Inc. is a provider of international seaborne transportation services for drybulk and tanker cargoes, operating a fleet of five vessels comprising three handysize drybulk carriers, one Aframax crude oil tanker, and one product tanker, with a total cargo capacity of 260,671 dwt.

C3is Inc., a drybulk and tanker shipping company, is conducting a firm-commitment underwritten public offering of 11,535,000 units at $0.52 per unit, with expected delivery on or about July 28, 2026. Each unit consists of one common share and one Class F Warrant exercisable for one common share at an initial exercise price of $0.52, expiring one year from issuance. The Class F Warrant exercise price will reset downward to $0.364 on the 2nd trading day following closing and to $0.26 on the 5th trading day, with the number of underlying shares proportionally increased. The warrants include a zero-cash exercise option allowing holders to receive 2.0x the shares they would receive on a cash exercise. The company expects net proceeds of approximately $5.2 million (or $5.7 million including the over-allotment option), after underwriting discounts and estimated offering expenses.

## Terms
- Deal value: $6.0M · Consideration: cash · Price/share: $0.52

## Key dates
- Announced 2026-07-28 · Expected close 2026-07-28

## Timeline
- 2026-07-28 · 424B4 (0001193125-26-318972): 424B4 - C3is Inc. — *C3is Inc. is a provider of international seaborne transportation services for drybulk and tanker cargoes, operating a fleet of five vessels comprising three handysize drybulk carriers, one Aframax crude oil tanker, and one product tanker, with a total cargo capacity of 260,671 dwt.* C3is Inc., a drybulk and tanker shipping company, is conducting a firm-commitment underwritten public offering of 11,535,000 units at $0.52 per unit, with expected delivery on or about July 28, 2026. Each unit consists of one common share and one Class F Warrant exercisable for one common share at an initial exercise price of $0.52, expiring one year from issuance. The Class F Warrant exercise price will reset downward to $0.364 on the 2nd trading day following closing and to $0.26 on the 5th trading day, with the number of underlying shares proportionally increased. The warrants include a zero-cash exercise option allowing holders to receive 2.0x the shares they would receive on a cash exercise. The company expects net proceeds of approximately $5.2 million (or $5.7 million including the over-allotment option), after underwriting discounts and estimated offering expenses.
  https://www.sec.gov/Archives/edgar/data/1951067/0001193125-26-318972.txt

## Citations
- 0001193125-26-318972 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526318972