C3is Inc.

(NASDAQ:CISS) shares are trending overnight after rebounding 29.69% to $0.13 in after-hours trading on Monday.

The after-hours gain followed a sharp selloff during the regular session, with the stock plunging 80.31% to close at $0.10.

C3is is a ship-owning company that provides seaborne transportation services for dry bulk and tanker cargo.

Public Offering The move came after C3is announced the pricing of a $6 million underwritten public offering of 11.54 million units at $0.52 per unit.