CISS · C3is Inc.

The reverse stock split is a structural capital action intended to increase the per-share trading price of C3is Inc.'s common stock, potentially improving market perception and meeting exchange listing criteria. It does not affect the company's underlying financial position, operations, or shareholder equity — only the number of issued and outstanding shares and related per-share metrics. Because no new shares are issued, no dilution occurs, and the total equity value remains unchanged. The cash settlement for fractional shares introduces a minor one-time cash outflow, calculated solely from the Nasdaq closing price on April 25, 2026, with no interest and subject to applicable tax withholding. The amendment was formally adopted by both the Board and shareholders, confirming compliance with Marshall Islands corporate governance requirements. Investors should note that while reverse splits can signal strategic intent to strengthen the stock’s profile, they do not alter fundamentals such as revenue, profitability, or liquidity.