C3is Inc (CISS)

[Smilin_B]

I wonder at what type of a discount to market price are these investors going to be receiving their shares at.

We're almost trading at $0.09/share yet received the 180 day NASDAQ listing extension.

I believe IMPP owns like 67% of $CISS shares.

I also thought about starting a position here but every single day it just seems to drift lower and lower, so why watch paper losses increase when you could just step aside and wait for it the tide to turn?

[Smilin_B]

Our Common Shares are listed on the Nasdaq Capital Market (“Nasdaq”) and began trading (regular way) on June 22, 2023 under the symbol “CISS”. On February 22, 2024, the closing sale price as reported on Nasdaq of the Common Shares was $0.12 per share. The public offering price of the Units will be determined between us and investors based on market conditions at the time of pricing, and may be at a discount to the then current market price of our Common Shares. The assumed public offering price and related Class C-1 Warrant and Class C-2 Warrant exercise prices used throughout this prospectus may not be indicative of the actual public offering price. The actual public offering price may be based upon a number of factors, including our history and our prospects, the industry in which we operate, our past and present operating results, the previous experience of our executive officers and the general condition of the securities markets at the time of this offering. There is no established trading market for the pre-funded warrants, Class C-1 Warrants, or Class C-2 Warrants and we do not expect an active trading market to develop. We do not intend to list the pre-funded warrants, Class C-1 Warrants, or Class C-2 Warrants on any securities exchange or other trading market. Without an active trading market, the liquidity of these securities will be limited.

[81vette]

typical garbage scam,thats why its at .10,it might be good to flip if could buy .09 and sell .12ish ,30% would be good trade

[Smilin_B]

$CISS just did a $7 million dollar private offering in January and now this on Feb 23rd.

Why isn't this news listed in the news section of ihub?

Back to back offerings within 30 days - wtf?

Feb 23 (Reuters) - C3is Inc:

* C3IS INC FILES FOR OFFERING OF 58.4 MILLION UNITS- SEC FILING 

[81vette]

yea,the public offerings are killing it,shares are being loaned out to short also(1m ava. every 15 min.) until those are gone this is in trouble

[Smilin_B]

C3is Inc. Granted 180-Day Extension by Nasdaq to Regain Compliance With Minimum Bid Price Rule

Despite this seemingly positive news, the stock continues to sell down.

Not certain if there are fears of a reverse split but at least they were granted an extension.

[Smilin_B]

Possible delisting by Tuesday

[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..