CISS · C3is Inc.

C3is Inc. is executing a 1-for-7 reverse stock split to address Nasdaq listing compliance, specifically targeting the minimum bid price requirement. The Board of Directors determined the split ratio, which falls within the range previously authorized by stockholders. The corporate action will become effective at 11:59 pm Eastern Time on April 26, 2026, with split-adjusted trading commencing on The Nasdaq Capital Market at the open on April 27, 2026. The reverse split will consolidate every seven issued shares into one, reducing the outstanding common stock count from approximately 3.7 million shares to approximately 528,305 shares, while the par value of $0.01 per share remains unchanged. A new CUSIP number, Y18284300, will be assigned to the common stock. Proportional adjustments will be made to the Company's outstanding warrants and Series A Convertible Preferred Stock to reflect the split. Specifically, Class B and Class C Warrants will undergo further adjustments during a period ending on the fifth trading day post-effectiveness. No fractional shares will be issued; instead, stockholders entitled to fractions will receive a cash payment based on the adjusted closing price on April 24, 2026. The Company explicitly stated the objective is to increase the market price of its common stock to maintain its Nasdaq listing.