C3is Inc. announces pricing of US$9 million public offering

The offering consists of 7 500 000 units, each consisting of (i) one (1) share of common stock (“Common Share”) or one (1) pre-funded warrant (“Pre-Funded Warrant”) in lieu of one Common Share, (ii) one (1) Class D Warrant to purchase one (1) Common Share per warrant at an initial exercise price of US$1.20 and (iii) one (1) Class E Warrant to purchase such number of Common Shares as set forth in the Class E Warrant at an exercise price of US$0.00001. The public offering price is US$1.20 per unit containing one Common Share, and US$1.19999 per unit containing one Pre-Funded Warrant, which is equal to the public offering price per Unit containing one Common Share to be sold in the offering minus an exercise price of US$0.00001 per Pre-Funded Warrant. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each Pre-Funded Unit sold in the offering, the number of units containing one Common Share in the offering will be decreased on a one-for-one basis. The initial exercise price of each Class D Common Warrant is US$1.20 per Common Share. The Class D Warrants are exercisable immediately and expire 60 months after the initial issuance date. The exercise price and number of Common Shares issuable under the Class D Warrant are subject to an initial adjustment ten (10) trading days after the closing date, with additional adjustments to the exercise price and floor price every six months thereafter as described in more detail in the registration statement on Form F-1 filed in connection with the offering. The exercise price of each Class E Warrant is US$0.00001 per Common Share. The Class E Warrants are exercisable immediately and may be exercised at any time until exercised in full. The number of Common Shares issuable under the Class E Warrant is subject to adjustment ten (10) trading days after the closing date as described in more detail in the registration statement on Form F-1 filed in connection with the offering./p>

Aggregate gross proceeds to C3is Inc. are expected to be approximately US$9 million. The transaction is expected to close on or about December 12, 2025, subject to the satisfaction of customary closing conditions. C3is Inc. expects to use the net proceeds from the offering, together with its existing cash, for capital expenditures, including acquisitions of additional vessels which we have not yet identified, working capital and for other general corporate purposes, or a combination thereof./p>

Aegis Capital Corp. is acting as the exclusive placement agent for the offering. Goodwin Procter LLP is acting as U.S. counsel to the Company. Kaufman & Canoles, P.C. is acting as US counsel to Aegis Capital Corp.

Read the article online at: https://www.drybulkmagazine.com/shipping/12122025/c3is-inc-announces-pricing-of-us9-million-public-offering/