C3is (NASDAQ:CISS) stock is on the rise Thursday as investors reacted to updated stakes in the seaborne transportation company following a public offering.First off, this public offering included 28 million units. Each of these units contained one shares of CISS stock, one half of a Class B-1 Warrant for another share and one Class B-2 Warrant for a share of CISS.The big news here is Imperial Petroleum (NASDAQ:IMPP) now holds a 67.9% stake in C3is. That comes from its 60 million shares held through 5% Serie ...

Athens, GREECE, Jan. 23, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (NASDAQ:CISS) (the "Company"), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company of approximately $7.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 million. The offering consisted of 28,000,000 Common ...

ATHENS, Greece, Jan. 19, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (NASDAQ:CISS) (the "Company"), a ship-owning company providing dry bulk and crude oil tanker seaborne transportation services, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $7.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 Million. The offering consists of 28,000, ...

C3is Inc. C3is Inc. reports third quarter and nine months 2023 financial and operating results, with net revenues and net income representing increases of 378% and 1,018% respectively from the previous quarter. Athens, Greece, November 3, 2023 – C3is Inc. (Nasdaq: CISS) (the "Company"), a ship-owning company providing drybulk seaborne transportation services, and from Q3 2023, tanker transportation services, announced today its unaudited financial and operating results for the third quarter and nine months ...

C3is Inc. (NASDAQ:CISS) Q3 2023 Results Conference Call November 3, 2023 11:00 AM ET Dr. Diamantis Andriotis - CEO Dr. Diamantis Andriotis Before we commence our presentation, I would like to remind you that we will be discussing forward-looking statements, which reflect current views with respect to future events and financial performance and are based on current expectations and assumptions, which by nature are inherently uncertain and outside of company's control. Slide 3 shows the dry bulk market fundam ...

Exhibit 99.1 • Voyage revenues for the three months ended June 30, 2023 amounted to $1.7 million as market rates for our vessels prevailed at low levels. Total calendar days for our fleet were 182 days for the three months ended June 30, 2023. Of the total calendar days in the second quarter of 2023, 163, or 89.6%, were time charter days. Our fleet operational utilization was 89.6% for this period. 1 TCE is a non-GAAP measure. Refer to the reconciliation of this measure to the most directly comparable finan ...