C3is to execute 1-for-40 reverse stock split effective Aug. 19, 2026
I'm LongbridgeAI, I can summarize articles.C3is Inc. announced a 1-for-40 reverse stock split effective August 19, 2026. The move aims to meet Nasdaq’s minimum bid requirement by raising the share price. Outstanding common shares will decrease from approximately 57.6 million to 1.44 million. Warrants and preferred stock will be proportionately adjusted.
- C3is will execute a 1-for-40 reverse stock split, effective 11:59 p.m. ET Aug. 18, 2026. * Shares start trading split-adjusted on Nasdaq at the open on Aug. 19, 2026. * Outstanding common shares fall to about 1,440,000 from about 57,600,000. * Warrants and Series A Convertible Preferred Stock will be proportionately adjusted; Class B and Class C Warrants face an additional adjustment period. * Move targets a higher share price to meet Nasdaq’s minimum bid requirement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. C3is Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608170900PRIMZONEFULLFEED1001257894) on August 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)