C3IS raises $2 million through registered direct offering

C3is Inc. (NASDAQ: CISS) announced it entered into definitive agreements for a registered direct offering with institutional investors to sell 800,000 shares of common stock at $2.50 per share, generating gross proceeds of approximately $2 million.

The Athens, Greece-based shipping company expects the transaction to close on or about October 9, 2025, subject to customary closing conditions. The company plans to use net proceeds along with existing cash for general corporate purposes and working capital.

Aegis Capital Corp. serves as the exclusive placement agent for the offering. The registered direct offering operates under an effective shelf registration statement on Form F-3 that the Securities and Exchange Commission declared effective on March 6, 2025.

C3is operates as a ship-owning company providing dry bulk and crude oil seaborne transportation services. The company owns four vessels: three handysize dry bulk carriers with total capacity of 97,664 deadweight tons and one Aframax oil tanker with cargo carrying capacity of approximately 115,800 deadweight tons, resulting in a fleet total capacity of 213,464 deadweight tons.

The company's common stock trades on the Nasdaq Capital Market under the symbol "CISS."

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