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C3is Announces Agreement to Acquire One Aframax Oil Tanker, and Estimated Net Asset Value Premium at 370% Over Market Capitalization

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) C3is Inc. (Nasdaq:CISS) (the “Company”) announced today that it has entered into an agreement to acquire for $43 million the M/T Stealth Berana, an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, from Imperial Petroleum Inc. Payment of 10% of the purchase price has been effected, with the remaining balance due within one year following the vessel’s delivery, which to

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