Reverse Stock Split Details - The company will implement a one-for-two-and-a-half (1-for-2.5) reverse stock split of its common stock [4] - The reverse stock split will take effect at 11:59 pm Eastern Time on December 31, 2024, with trading on a split-adjusted basis beginning on January 2, 2025 [5] - Every 2.5 issued shares of common stock will be combined into one share, reducing the number of outstanding shares from approximately 10.6 million to approximately 4.2 million [11] - No fractional shares will be issued, and stockholders holding fractions will receive a cash payment based on the closing price of the company’s common stock on Nasdaq on December 31, 2024 [1] Purpose of the Reverse Stock Split - The reverse stock split aims to increase the market price of the company’s common stock to meet the minimum bid price requirement for maintaining listing on Nasdaq [13] Impact on Stockholders - Stockholders with shares held in book-entry form or through a bank, broker, or other nominee will see the reverse stock split reflected in their accounts on or after January 2, 2025 [2] - The company’s outstanding warrants and Series A Convertible Preferred Stock will be proportionately adjusted, increasing the exercise price and reducing the number of shares issuable upon exercise [11] Company Overview - C3is Inc is a ship-owning company providing dry bulk and crude oil seaborne transportation services, owning four vessels with a total fleet capacity of 213,464 deadweight tons (dwt) [10]

Exhibit 99.1 C3is Inc. C3is Inc. reports third quarter and nine months 2024 financial and operating results OPERATIONAL AND FINANCIAL HIGHLIGHTS Athens, Greece, November 18, 2024 – C3is Inc. (Nasdaq: CISS) (the "Company"), a ship-owning company providing dry bulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2024. • Our handysize dry bulk carriers are on time charters of short term duration ...

C3is Inc. (NASDAQ:CISS) Q3 2024 Earnings Conference Call November 18, 2024 11:00 AM ET Company Participants Diamantis Andriotis - Chief Executive Officer Nina Pyndiah - Chief Financial Officer Operator Good day and thank you for standing by. Welcome to the C3is Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. Please be advised that this conference is being recorded. I would now like to hand the conference over to your speaker today Dr. Diamantis Andriotis, ...

ATHENS, Greece, Nov. 18, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short term durations, producing steady cash flows, while our Aframax tanker operates in the spot market, currently ...

ATHENS, Greece, Nov. 12, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its third quarter financial results for the period ended September 30, 2024 before the market opens in New York on November 18, 2024. On November 18, 2024 at 11:00 am ET, the company’s management will host a conference call to present the results and the company’s operations and outlook. Slides and audio webcast: Th ...

The following is a discussion of our financial condition and results of operations for the six-month period ended June 30, 2024 and the six-month period ended June 30, 2023. Unless otherwise specified herein, references to the "Company" or "we" shall include C3is Inc. and its subsidiaries. You should read the following discussion and analysis together with the unaudited interim condensed consolidated financial statements and related notes included elsewhere in this report. For additional information relatin ...

C3is Inc. (NASDAQ:CISS) Q2 2024 Results Conference Call August 22, 2024 11:00 AM ET Company Participants Diamantis Andriotis - CEO Nina Pyndiah - CFO Operator Good day, and thank you for standing by. Welcome to the C3is Q2 2024 Financial and Operating Results Conference Call and Webcast. At this time, all participants will be on listen only mode with no question-and-answer session at the end. Please note that today's conference is being recorded. I would now like to turn the conference over to your speaker ...

C3is (NASDAQ:CISS) just reported results for the second quarter of 2024. C3is reported earnings per share of 63 cents. The company reported revenue of $10.83 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to info ...

ATHENS, Greece, Aug. 22, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the "Company"), a shipowning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short term durations, producing steady cash flows, while our Aframax tanker operates in the spot market where voyage chart ...

ATHENS, Greece, Aug. 19, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the "Company"), a shipowning company providing seaborne transportation services, announced today that it will release its second quarter financial results for the period ended June 30, 2024 before the market opens in New York on August 22nd, 2024. On August 22nd, 2024, at 11:00 am ET, the company's management will host a conference call to present the results and the company's operations and outlook. Slides and audio webcast: There ...