FAQ: C3is Inc. $2 Million Registered Direct Offering - Key Details and Implications

What is the main announcement in this content?

C3is Inc. (NASDAQ: CISS) has closed a registered direct offering with institutional investors, selling 800,000 shares of common stock at $2.50 per share, generating approximately $2 million in gross proceeds.

When did this offering close?

The registered direct offering closed on October 9, 2025, as announced by the company.

How much money did C3is raise through this offering?

C3is raised gross proceeds of approximately $2 million from the sale of 800,000 shares at $2.50 per share in this registered direct offering.

What will C3is use the proceeds for?

The company plans to use the net proceeds, together with existing cash, for general corporate purposes and working capital to support its operations.

Who were the key parties involved in this offering?

Aegis Capital Corp. acted as exclusive placement agent for the offering, with Goodwin Procter LLP serving as U.S. counsel to C3is and Kaufman & Canoles, P.C. serving as U.S. counsel to Aegis.

What type of business is C3is Inc.?

C3is Inc. is a ship-owning company that provides dry bulk and crude oil seaborne transportation services, owning four vessels with a total fleet capacity of 213,464 deadweight tons.

Where can I find more information about C3is Inc.?

For more information about C3is Inc., visit their official website at https://c3is.pro/ or view the full press release at https://ibn.fm/yQirC.

What is the significance of this offering for C3is?

This $2 million capital infusion provides C3is with additional working capital and financial flexibility to support its ongoing operations and general corporate purposes in the maritime transportation industry.

How many vessels does C3is own and what is their capacity?

C3is owns four vessels: three handysize drybulk carriers with a total capacity of 97,664 dwt and one Aframax oil tanker with a capacity of approximately 115,800 dwt, totaling 213,464 dwt.