C3is Inc (CISS)

[Smilin_B]

$CISS only has until Feb 20th to regain compliance with the NASDAQ minimum $1 bid rule or face being delisted

They may be granted an additional 180 day extension prior to the 20th

C3is Inc. Announces Receipt of Nasdaq Notice

Source: GlobeNewswire Inc.?


C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated August 24, 2023, indicating that because the closing bid price of the Company’s common stock for 30 consecutive business days, from July 13, 2023 through August 23, 2023, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until February 20, 2024.

The Company intends to monitor the closing bid price of its common stock during this grace period and will consider its options in order to regain compliance with The Nasdaq Capital Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period.

[da_stock_analyst]

#CISS 🔥 highly shorted stock can move 50% $CISS

[Smilin_B]

And this is precisely why I am long this company's parent company IMPP

[81vette]

Ocean Shipping fees up 300%,and costs 1M more to avoid Red Sea(have to go down around Africa to avoid Iran and its pirates ) Chinas ships are not targeted directly by pirates and Iran because they buy 90% of Iran oil exports,Cosco,target ect. have their own tankers (many companies do) those products are coming from China to USA are targeted and we will see big cost increases soon (companies never bear the expense,consumers do) more inflation coming!!

[Dusty18]

I was in and out for a couple hundred. Wish I had your bank roll. Must be 10x mine. $CISS

[DD-214]

Out @.168 for a quick couple grand $$$$

[DD-214]

Took some .148’s for a quickie..

[INFINITI]

Something is cooking here

[Gizzer211]

Nice morning so far

[Dusty18]

Its fighting back. I watched and missed the low. Damn. $CISS

[wickerman]

$CISS yes exactly as I predicted Greek shipping scam 101...Drop a brutal offering then file a 13G to clean out the leftover dilution inventory onto US retail then reverse split and do it all over again. (The next 13G they'll be holding 0.00%)

Pretty much all of them follow the same guideline.

[Smilin_B]

$CISS only has until Feb 20th to regain compliance with the NASDAQ minimum $1 bid rule or face being delisted

They may be granted an additional 180 day extension prior to the 20th

C3is Inc. Announces Receipt of Nasdaq Notice

Source: GlobeNewswire Inc.?


C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated August 24, 2023, indicating that because the closing bid price of the Company’s common stock for 30 consecutive business days, from July 13, 2023 through August 23, 2023, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until February 20, 2024.

The Company intends to monitor the closing bid price of its common stock during this grace period and will consider its options in order to regain compliance with The Nasdaq Capital Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period.

[youtoo]

13-G file!

[Smilin_B]

From June 21, 2023

$IMPP spin-off of $CISS

Imperial Petroleum Inc. Announces Completion of Spin-Off of C3is Inc.

Source: GlobeNewswire Inc.?


Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, today announced that it has completed the spin-off of its previously wholly-owned subsidiary, C3is Inc., the holding company for two drybulk carriers, effective June 21, 2023.

Imperial Petroleum stockholders and warrantholders received one C3is common share for every eight shares of Imperial Petroleum’s common stock (“Imperial Petroleum common stock”) owned, or in the case of holders of Imperial Petroleum’s outstanding Warrants that they have the right to purchase pursuant to Warrants owned, at the close of business on June 13, 2023 (the “Record Date”). To the extent the distribution would have resulted in any shareholder owning a fractional C3is common share, such fractional shares will be aggregated by the distribution agent into whole shares, sold in the open market at prevailing rates and the net cash proceeds from the sales distributed pro rata to each holder who would otherwise have been entitled to receive fractional C3is common shares in the distribution.

Imperial Petroleum will retain an interest in C3is Inc. through its ownership of Series A Convertible Preferred Stock of C3is Inc., which was not distributed by Imperial Petroleum in the spin-off.

[TimeFades]

Wow broke higher

[wickerman]

$CISS tomorrows bagholders are buying in now...so classic.

[Gizzer211]

Out .136-.175

[Dusty18]

I would guess to say it may crash back to .1350 by end of after hours. Can't imagine flippers would leave money on the table.

[texanasylum]

Great info…thanks for sharing!

[Smilin_B]

This happened several times over the past couple of weeks, and only in after hours.

Someone juices it, creates a trading frenzy and then it typically sells off the next day.

We will see.

Keep in mind that $CISS shares were spun off from it's former parent company Imperial Petroleum ($IMPP) and opened in the $5 range. Most of us that received CISS shares, sold them in the $5's and $4's prior to the complete annihilation of the shares including the most recent dilution that chopped CISS share price by more than 50-60%.

My money is on IMPP for the longer term but I'm block trading CISS loading near the $0.12 support and selling when these shenanigans occur in after hours. Seems to be working so far.

[Dusty18]

What the Hell? No news it's going crazy. Somethings up.

[Smilin_B]

Not certain but I sold several hundred thousand between $0.165 and $0.171

[Dusty18]

What's going on after hours? $CISS

[Smilin_B]

I just don't think anyone understands the internal share structure of this company and the massive amount of dilution that just occurred. Most got destroyed as most on this much much higher than $3 per share. This was a spinoff from $IMPP many months ago and as soon as it started trading in the $5 and $4 range, most of us sold our CISS shares. But right around January 19th or so when it collapsed into the $0.11s, I bought a huge block at $0.121 and took liberties in selling it this week at a $0.174 average.

May seek re-entry if it heads back to the $0.12 support level next week.

It's on my radar for another trade. Sometimes these things just wither away and die also - so we need to focus on the viability of this company moving forward without additional Capital raises.

These Greek shipper CEO's are real pieces of work

[Gizzer211]

It’s a quick mover so maybe higher AH today even though it’s a Friday

[Smilin_B]

Quite the buzz in here over the last couple of days.

Now it's *crickets

[Smilin_B]

$CISS was a beautiful high percentage short-term trade for me today as indicated in my last post here.

U all realize that $IMPP spun off the $CISS shares and most of us sold our $CISS @ $4+ per share prior to the complete annihilation of the stock due to diluted capital raises.

$IMPP I have been long and will continue to hold

[TrendTrade2016]

SWIN WATCH THIS BEAST

[TheFinalCD]

DO THE ALGOS NOT LIKE YOU

YOU BUY THE PPS GOES DOWN
YOU SELL IT GOES UP

[TrendTrade2016]

CISS IN HERE TO 29C

[TheFinalCD]

NO JUST ONE AND CLOSED

1/23/2024 11:00 GLOBE C3is Inc. Announces Closing of $7.0 Million Upsized..
1/19/2024 08:55 GLOBE C3is Inc. Announces Pricing of $7.0 Million Upsized..

[whocars]

Thank you . I don’t own any shares but waiting for right entry

[INFINITI]

Yes

[whocars]

So when you posted ready to run with closing it . You meant today ?

[INFINITI]

I don’t think so

[whocars]

I am confused ! Are there more waiting to close

[INFINITI]

This was @ .6 2 months ago

[INFINITI]

I believe so

[whocars]

Didn’t they just closed 2 ? 7 million each?

[whocars]

Didn’t they just closed 2 ? 7 million each?

[INFINITI]

This should be ready to run with the closing of the offering

[scotsand]

Even bigger moves premarket now.

[halbroke1]

CISS $$$ COULD HAVE HUGE MOVE TO MULTI-DOLLARS...BIG LOADING AHS..

[scotsand]

AH looks tasty. Big days ahead.

[scotsand]

Added today. Looks promising for big run from here. Oversold big time imho

[81vette]

Fins getting better,struggling to get started past,have a ship they made down payment on and are trying to raise money to put to work

[BurgerKing82]

Wow...This one is down a bit....There most recent numbers looked pretty good....Are Shippers undervalued with what's going on geopolitically,or is it a Case by Case basis?

[81vette]

I expect a vol surge in remaining 20 min of after mkt,fomo of gap up tomorrow is strong here .145 if dark pool let’s it (lots of trades going between the bid and ask right now) mmx is at $22.00 now

[81vette]

Beautiful chart, fomo/greed kicking in,thru .17 could get real exciting

[krisc62]

NHOD