Analyst Summary
- C3is Inc. implemented a 1-for-2.5 reverse stock split on December 31, 2024.
- The reverse stock split decreased the number of outstanding shares from 10,597,634 to 4,239,030.
- No fractional shares were issued; stockholders received cash payments instead.
- Warrant exercise prices were adjusted to $1.3007 per share.
- Share and earnings per share information have been retroactively adjusted to reflect the stock split.
Potential Implications
Stock Price
- The reverse stock split may increase the stock price due to the reduced number of outstanding shares.
- Adjustments to warrant exercise prices could affect the attractiveness of warrants to investors.