C3is Inc (CISS) Prices Upsized $7M Offering at $0.25/sh

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Go back to C3is Inc (CISS) Prices Upsized $7M Offering at $0.25/sh

C3is Inc. Announces Pricing of $7.0 Million Upsized Underwritten Public Offering

January 19, 2024 8:55 AM EST

ATHENS, Greece, Jan. 19, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the Company), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $7.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 Million. The offering consists of 28,000,000 Common Units or Pre-funded Units, each consisting of one share of common stock (Common Share) or Pre-Funded Warrant, one half of a Class B-1 Warrant... More