What Else?

Each unit consists of a Common Share or Pre-Funded Warrant, half of a Class B-1 Warrant, and one Class B-2 Warrant. The purchase prices are $0.25 for Common Units and $0.24 for Pre-Funded Units.

The net proceeds, expected to be used for capital expenditures and potential vessel acquisitions, will contribute to the remaining purchase price of an Aframax tanker acquired in July 2023.

The closing of the offering is set for January 23, subject to customary closing conditions.

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According to data from Benzinga Pro, CISS has a 52-week high of $5.55 and a 52-week low of $0.11.