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InvestorNewsBreaks — C3is Inc. (NASDAQ: CISS) Releases Pricing on Estimated $6M Underwritten Public Offering

C3is (NASDAQ: CISS), a ship-owning company providing dry-bulk and crude oil tanker seaborne transportation services, announced pricing of its firm commitment underwritten public offering. The offering is estimated at $6 million before standard deductions and expenses. According to the announcement, the offering is comprised of  120,000,000 common units or prefunded units, each consisting of one share of common stock, one-half of a Class C-1 warrant to purchase one common share and one Class C-2 warrant to purchase one common share. The common units will be priced at $0.05, and the purchase price of each prefunded unit is $0.04. The company anticipates using the funds from the offering for capital expenditures or for other general corporate purposes, or a combination thereof. The company anticipates closing on the offering today, subject to customary closing conditions. The company also granted Aegis Capital Corp. a 45-day option to purchase up to 15% of the number of common shares and/or pre-funded warrants sold in the offering, and/or additional warrants representing up to 15% of the Warrants sold in the offering solely to cover over-allotments, if any. Aegis Capital Corp. is acting as the sole book-running manager for the offering.

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About C3IS Inc.

C3is is a ship-owning company providing dry-bulk and crude-oil seaborne transportation services. The company owns three vessels: two handy-size, dry-bulk carriers with a total capacity of 64,000 deadweight tons (“dwt”) and an Aframax oil tanker with a cargo-carrying capacity of approximately 115,800 dwt, resulting in a fleet total capacity of 179,800 dwt. For more information about the company, please visit

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