C3is to Implement 1-for-2.5 Reverse Stock Split

MT Newswires Live

2024/12/30

C3is (CISS) said Monday it will implement a 1-for-2.5 reverse stock split of its common shares, which will be effective from Jan. 2.

C3is said the reverse stock split aims to boost the market price of its stock to enable it to meet the minimum bid price rule for continued listing on the Nasdaq.

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