- C3is Inc. reported **revenues of $42.3 million** for the year ended December 31, 2024, an increase from $28.7 million in 2023, but recorded a **net loss of $2,748,367**, largely due to an **$11,127,077 loss on warrants**.  **[1951067_0001193125-25-191687_d58268dex993.htm:93]** **[1951067_0001193125-25-191687_d58268dex993.htm:163]** 
- To maintain Nasdaq listing compliance, the company executed **three reverse stock splits**: 1-for-100 on April 11, 2024, 1-for-2.5 on December 31, 2024, and 1-for-6 on April 3, 2025.  **[1951067_0001193125-25-191687_d58268dex993.htm:51]** **[1951067_0001193125-25-191687_d58268dex993.htm:182]**  The common stock closed at **$3.62 per share** on April 23, 2025.  **[1951067_0001193125-25-191687_d58268dex993.htm:51]** 
- The company expanded its fleet, acquiring an Aframax tanker in July 2023 and a third handysize drybulk carrier in May 2024, leading to an average fleet size of **3.6 vessels** in 2024, up from 2.5 in 2023.  **[1951067_0001193125-25-191687_d58268dex993.htm:82]** **[1951067_0001193125-25-191687_d58268dex993.htm:93]** 
- Cash and cash equivalents significantly increased to **$4,640,343** as of December 31, 2024, from $695,288 at the end of 2023.  **[1951067_0001193125-25-191687_d58268dex993.htm:162]**

C3is (CISS)