Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks — C3is Inc. (NASDAQ: CISS) Releases Pricing on Estimated $6M Underwritten Public Offering

C3is (NASDAQ: CISS), a ship-owning company providing dry-bulk and crude oil tanker seaborne transportation services, announced pricing of its firm commitment underwritten public offering. The offering is estimated at $6 million before standard deductions and expenses. According to the announcement, the offering is comprised of  120,000,000 common units or prefunded units, each consisting of one share of common stock, one-half of a Class C-1 warrant to purchase one common share and one Class C-2 warrant to purchase one common share. The common units will be priced at $0.05, and the purchase price of each prefunded unit is $0.04. The company anticipates using the funds from the offering for capital expenditures or for other general corporate purposes, or a combination thereof. The company anticipates closing on the offering today, subject to customary closing conditions. The company also granted Aegis Capital Corp. a 45-day option to purchase up to 15% of the number of common shares and/or pre-funded warrants sold in the offering, and/or additional warrants representing up to 15% of the Warrants sold in the offering solely to cover over-allotments, if any. Aegis Capital Corp. is acting as the sole book-running manager for the offering.

To view the full press release, visit https://ibn.fm/Qakmk

About C3IS Inc.

C3is is a ship-owning company providing dry-bulk and crude-oil seaborne transportation services. The company owns three vessels: two handy-size, dry-bulk carriers with a total capacity of 64,000 deadweight tons (“dwt”) and an Aframax oil tanker with a cargo-carrying capacity of approximately 115,800 dwt, resulting in a fleet total capacity of 179,800 dwt. For more information about the company, please visit www.C3is.pro.

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.