C3is inc. announces reverse stock split

To be effective january 2, 2025 aiming to meet the minimum bid price requirement for maintaining listing on nasdaq athens, greece, dec. 30, 2024 (globe newswire) -- c3is inc. (the “company”) (nasdaq: ciss) today announced that its board of directors has determined to effect a one-for-two-and-a-half (1-for-2.5) reverse stock split of the company's common stock, par value $0.01 per share. the reverse stock split will take effect at 11:59 pm eastern time on december 31, 2024, and the company's common stock will begin trading on a split-adjusted basis on the nasdaq capital market (“nasdaq”) as of the opening of trading on january 2, 2025.
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