C3is Inc. - Common Stock (CISS)

NEW YORK, NY / ACCESSWIRE / March 20, 2024 / Aegis Capital Corp. acted as Sole Bookrunner on a $6.0 Million Underwritten Public Offering for C3is Inc. (NASDAQ:CISS).

C3is (NASDAQ: CISS), a ship-owning company providing dry-bulk and crude oil tanker seaborne transportation services, announced pricing of its firm commitment underwritten public offering. The offering is estimated at $6 million before standard deductions and expenses. According to the announcement, the offering is comprised of 120,000,000 common units or prefunded units, each consisting of one share of common stock, one-half of a Class C-1 warrant to purchase one common share and one Class C-2 warrant to purchase one common share. The common units will be priced at $0.05, and the purchase price of each prefunded unit is $0.04. The company anticipates using the funds from the offering for capital expenditures or for other general corporate purposes, or a combination thereof. The company anticipates closing on the offering today, subject to customary closing conditions. The company also granted Aegis Capital Corp. a 45-day option to purchase up to 15% of the number of common shares and/or pre-funded warrants sold in the offering, and/or additional warrants representing up to 15% of the Warrants sold in the offering solely to cover over-allotments, if any. Aegis Capital Corp. is acting as the sole book-running manager for the offering.

C3is (NASDAQ: CISS), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, has closed on a firm commitment underwritten public offering. The offering will result in gross proceeds For C3is of an estimated $7 million before deductions and expenses. According to the announcement, the offering, which was upsized from $6, million, comprised 28,000,000 common units or prefunded units, with each unit consisting of one share of common stock or prefunded warrant, one-half of a Class B-1 warrant to purchase one common share at an exercise price of $0.375 per share and one Class B-2 warrant to purchase one common share at an exercise price of $0.425 per share. The common units were $0.25 per unit, and the prefunded units were $$0.24 per unit. The company plans to use funds from the offering for capital expenditures, including payment toward the $38.7 million remaining purchase price for the Aframax tanker acquired in July 2023. Funds may also be used for acquisitions of additional vessels. Aegis Capital Corp. acted as the sole book-running manager for the offering, and the company granted Aegis Capital a 45-day option to purchase up to 15% of the number of common shares and/or prefunded warrants sold in the offering, as well as additional warrants representing up to 15% of the warrants sold in the offering solely to cover overallotments, if any.

NEW YORK, NY / ACCESSWIRE / January 24, 2024 / Aegis Capital Corp. acted as Sole Bookrunner on an Upsized $7.0 Million Underwritten Public Offering for C3is Inc. (NASDAQ:CISS).

NEW YORK, NY / NewsDirect / November 17th, 2023 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis on C3is Inc. a ship-owning company providing dry bulk seaborne transportation services.