This filing is a procedural step toward another dilutive offering from a micro-cap serial issuer.
Executive Summary
C3is Inc. filed Amendment No. 1 to its F-1 registration statement as an exhibits-only filing, advancing its proposed US IPO. The offering is registered for up to $13.8 million in total, comprising common shares (or pre-funded warrants) and Class F warrants, with a maximum aggregate offering price of $6.9 million for the common shares/pre-funded warrants.
Key Facts
- Amendment No. 1 to F-1 filed as exhibits-only on July 23, 2026.
- Total offering amount registered is $13,800,000.
- Maximum aggregate offering price for common shares/pre-funded warrants is $6,900,000.
- Company has a market cap of approximately $1M.
- 24 offering/registration filings in the last 24 months, indicating serial dilution.
- Cross-filing actuarial verdict identifies an AMPLIFIER for ipo-amendment-context + ipo-effect-context.
Financial Impact
Up to $13.8 million in gross proceeds from the offering, but the company's $1M market cap suggests massive dilution relative to existing shares.
Risk Factors
- Massive dilution from the proposed offering relative to the $1M market cap.
- Serial capital raises (24 filings in 24 months) indicate a structurally dilutive business model.
- Historical stock performance shows significant negative drift after similar filings.
- Micro-cap with limited liquidity and high short interest (6.7% of est. shares out).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| F-1/A Filing (Primary) | 0001193125-26-314070 |
| Document: d246655dexfilingfees.htm | 0001193125-26-314070 |
| Document: 0001193125-26-314070-index-headers.html | 0001193125-26-314070 |
| Document: 0001193125-26-314070-index.html | 0001193125-26-314070 |
| Document: 0001193125-26-314070.txt | 0001193125-26-314070 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | EFFECT | $0.5490 | awaiting T+60 | — | $0.4900 (+10.75%) |
Oct 19, 2026 8d ago | EFFECT | $0.5490 | awaiting T+60 | — | $0.4900 (+10.75%) |
Oct 19, 2026 8d ago | EFFECT | $0.5490 | awaiting T+60 | — | $0.4900 (+10.75%) |
Oct 5, 2026 21d ago | SC 13G/A | $0.8890 | awaiting T+60 | — | $0.4900 (−44.88%) |
Oct 5, 2026 21d ago | SC 13G/A | $0.8630 | awaiting T+60 | — | $0.4900 (+43.22%) |
Oct 2, 2026 24d ago | SC 13G/A | $0.8310 | awaiting T+60 | — | $0.4900 (+41.03%) |
Sep 29, 2026 27d ago | 6-K | $0.9502 | awaiting T+60 | — | $0.4900 (−48.43%) |
Aug 17, 2026 10w ago | 6-K | $0.0685 | awaiting T+60 | — | $0.4900 (+615.33%) |
Jul 23, 2026 13w ago | F-1/A | $0.5201 $0.0137 | ▲ +97.36% | ▲ +101.09% | $0.4900 (+5.79%) |
Jul 22, 2026 13w ago | 6-K | $0.9620 $0.0133 | ▼ −98.61% | ▼ −102.01% | $0.4900 (−49.06%) |
US Market Status
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