Core Points - C3is Inc. has completed a registered direct offering of 800,000 shares of Common Stock at a price of $2.50 per share, raising approximately $2.0 million in gross proceeds [1][2][3] - The net proceeds from the offering will be utilized for general corporate purposes and working capital [2] - Aegis Capital Corp. served as the exclusive placement agent for the offering, with legal counsel provided by Goodwin Procter LLP and Kaufman & Canoles, P.C. [3] Company Overview - C3is Inc. is a ship-owning company that provides dry bulk and crude oil seaborne transportation services [5] - The company owns four vessels, including three handysize drybulk carriers with a total capacity of 97,664 deadweight tons (dwt) and an Aframax oil tanker with a capacity of approximately 115,800 dwt, resulting in a total fleet capacity of 213,464 dwt [5] - C3is Inc.'s shares are listed on the Nasdaq Capital Market under the symbol "CISS" [5]

ATHENS, Greece, Oct. 08, 2025 (GLOBE NEWSWIRE) -- C3is Inc. (NASDAQ: CISS) (the “Company”), a ship-owning company providing dry bulk and tanker seaborne transportation services, today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of 800,000 shares of its Common Stock at a public offering price of $2.50, for an aggregate offering price of $2.0 million. Aggregate gross proceeds to the Company are expected to be a ...