The fleet consists of two handysize drybulk carriers: Eco Bushfire and Eco Angelbay, as well as one Aframax crude oil tanker, which is focused on short-term time charters and spot market voyages. C3is Inc. announced plans to expand its tanker fleet with two MR vessels by Q3 2026. However, the company faces significant listing challenges on NASDAQ.
Cyborg Score Rationale
The company received a delisting determination from Nasdaq in March 2024 due to a closing bid price of $0.10 or less for ten consecutive trading days. The company enacted a 1-for-7 reverse stock split in April 2026 to preserve its Nasdaq listing. The stock has declined sharply, with severe liquidity and operational challenges.
Top Insights
Company enacted 1-for-7 reverse stock split in April 2026 to preserve Nasdaq listing
Fleet expansion underway with two MR vessel additions planned by Q3 2026
Stock has declined 99.02% over the past year as of search date
Company founded recently in July 2022, making it a very new market entrant