C3is Inc. (NASDAQ: CISS), a ship-owning company specializing in dry bulk and tanker seaborne transportation services, has completed a $2 million registered direct offering with institutional investors. The transaction, which closed on October 9, 2025, involved the purchase and sale of 800,000 shares of common stock at $2.50 per share, generating gross proceeds of approximately $2 million for the maritime transportation company.
The company intends to use the net proceeds from this offering, combined with existing cash reserves, for general corporate purposes and working capital requirements. This capital infusion comes at a time when shipping companies face increasing operational costs and market volatility in global trade routes. The additional funding will support C3is's ongoing operations across its fleet of four vessels, which includes three handysize drybulk carriers with a total capacity of 97,664 deadweight tons and an Aframax oil tanker with a cargo carrying capacity of approximately 115,800 deadweight tons.
Aegis Capital Corp. served as the exclusive placement agent for the offering, bringing institutional expertise to the transaction. Legal representation included Goodwin Procter LLP acting as U.S. counsel to C3is, while Kaufman & Canoles, P.C. provided legal services to Aegis Capital Corp. The successful completion of this offering demonstrates continued investor confidence in the maritime transportation sector despite broader economic uncertainties affecting global shipping markets.
The capital raise represents a strategic move for C3is as it navigates the complex dynamics of dry bulk and crude oil shipping markets. With a total fleet capacity of 213,464 deadweight tons, the company plays a significant role in global supply chains, transporting essential commodities across international waters. The additional working capital will enable C3is to maintain operational flexibility and potentially capitalize on emerging opportunities in the evolving maritime transportation landscape. For more information about the company, visit https://c3is.pro/.
This financing transaction highlights the ongoing need for shipping companies to maintain adequate capital reserves amid fluctuating freight rates, regulatory changes, and evolving environmental standards in the maritime industry. The ability to secure institutional investment reflects market recognition of C3is's position within the specialized niche of seaborne transportation services. As global trade patterns continue to shift, well-capitalized shipping companies like C3is remain essential for maintaining the flow of dry bulk commodities and crude oil across international markets.
