INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On July 5, 2023, C3is Inc. (the “Company”) completed a registered public offering (the “Offering”) of (a) 350,000 units, each unit consisting of one common share, par value $0.01 per share (a “Common Share”), of the Company and one Class A Warrant (a “Class A Warrant”) to purchase one Common Share at an exercise price of $1.05 per Common Share and (b) 4,415,000 units, each unit consisting of one pre-funded warrant to purchase a Common Share at an exercise price of $0.01 per Common Share and one Class A Warrant.
The aggregate gross proceeds to the Company from the Offering, before placement agent fees and estimated expenses payable by the Company, were approximately $5 million.
Attached to this report on Form 6-K as Exhibit 1.1 is a copy of the Placement Agency Agreement dated June 30, 2023, between the Company and Maxim Group LLC.
Attached to this report on Form 6-K as Exhibit 1.2 is a copy of the Securities Purchase Agreement dated June 30, 2023, between the Company and the investor signatory thereto.
Attached to this report on Form 6-K as Exhibit 4.1 is a copy of the Warrant Agency Agreement, dated July 5, 2023, between the Company and Equiniti Trust Company, LLC.
Attached to this report on Form 6-K as Exhibit 4.2 is a copy of the Class A Warrant.
Attached to this report on Form 6-K as Exhibit 4.3 is a copy of the Pre-funded Warrant.
Attached to this report on Form 6-K as Exhibit 99.1 is a copy of the press release of the Company dated June 30, 2023 titled “C3is Inc. Announces Pricing of $5 Million Public Offering”.
As of July 5, 2023, after the exercise of 1,841,000 pre-funded warrants, 5,373,932 Common Shares were issued and outstanding, as well as pre-funded warrants to purchase 2,574,000 Common Shares at an exercise price of $0.01 per share and Class A Warrants to purchase up to 4,765,000 Common Shares at an exercise price of $1.05 per share, and 600,000 Series A Convertible Preferred Shares.
EXHIBIT INDEX
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| 1.1 | | Placement Agency Agreement, dated June 30, 2023, by and between the Company and Maxim Group LLC |
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| 1.2 | | Securities Purchase Agreement, dated June 30, 2023, by and between the Company and the investor signatory thereto |
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| 4.1 | | Warrant Agency Agreement, dated July 5, 2023, between the Company and Equiniti Trust Company, LLC |
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| 4.2 | | Form of Class A Warrant |
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| 4.3 | | Form of Pre-funded Warrant |
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| 99.1 | | Press Release, dated June 30, 2023 |
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