C3is Sets 1-for-5 Reverse Split Effective November 8, Cutting Shares to ~0.84M
CISS is trading near its 52-week low of $0.46 (3.7% above the low) on light trading volume (0.1× avg).
Summary
C3is will execute a 1-for-5 reverse stock split effective November 8, 2026, reducing shares outstanding from about 4.2 million to 0.84 million to regain Nasdaq's minimum bid price. It is the company's second reverse split since August.
Key Events · Corporate Governance and Compliance · CISS
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1-for-5 Reverse Split Set for November 8
Every five issued shares combine into one at 11:59 pm ET on November 8, 2026; split-adjusted trading begins on Nasdaq November 9 under new CUSIP Y18284508.
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Share Count Falls to ~0.84 Million
Outstanding common stock drops from approximately 4.2 million shares to approximately 0.84 million, with par value unchanged at $0.01.
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Second Split in Under Three Months
Follows the 1-for-40 reverse split completed August 18, 2026, which cut shares to roughly 1.44 million; the stock has since fallen back near $0.48, below Nasdaq's $1 minimum bid.
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Warrant and Preferred Terms Adjusted
Warrants and Series A Convertible Preferred are adjusted proportionately; Class B and Class C warrant exercise prices and share counts are adjusted further through a period ending the fifth trading day after the effective time.
Analysis · CISS · Energy & Transportation
C3is is executing its second reverse split in under three months, a 1-for-5 that takes effect at 11:59 pm ET on November 8, 2026, with split-adjusted trading from November 9. Outstanding shares fall from roughly 4.2 million to about 0.84 million. The stated purpose is to lift the share price above Nasdaq's minimum bid requirement; the stock trades near $0.48, well under the $1 threshold. Because the August 1-for-40 split already failed to hold the price up, this is a listing-compliance move rather than a sign of improving fundamentals. Warrants and the Series A Convertible Preferred are adjusted proportionately, and the Class B and Class C warrants get a further reset through an adjustment period ending the fifth trading day after the effective time, meaning the effective exercise prices and share counts on those warrants will not be final until that window closes. Fractional holders get cash based on the November 6 closing price.
How filings like this one have moved
In the 30 days to Nov 5, 2026, 33.4% of the 2397 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CISS was trading at $0.48 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $730.9K. The 52-week trading range was $0.46 to $11,829.44. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.