C3is Inc (CISS)

[tigerpac]

We intend to use the net proceeds from the sale of the securities offered by this prospectus for capital expenditures, including for payment towards the $38.7 million remaining purchase price for the Aframax tanker we acquired in July 2023.

======

Because they are “making so much money for shareholders” from the underlying business they have to go to market to raise additional funds so they can make the payment for the Aframax tanker. Is that tanker Harry sold to them?

Greek shippers continue to prey upon American investors. Bait and switch.