C3is Inc ( CISS ) shares are trading lower by 63% to $0.029 during Friday’s session after the company announced pricing of a $6 million underwritten public offering.

The offering includes 120 million Common Units or Pre-funded Units, each consisting of shares of common stock or pre-funded warrants, along with Class C-1 and Class C-2 Warrants. The proceeds will be utilized for various purposes including capital expenditures, acquisitions of additional vessels, working capital and general corporate purposes.

The offering is expected to close on March 19, subject to customary conditions. Aegis Capital Corp. has been granted an option to purchase additional shares and/or warrants to cover over-allotments. They are acting as the sole book-running manager for the offering, with legal counsel provided by Sichenzia Ross Ference Carmel LLP.

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How To Buy CISS Stock

By now you're likely curious about how to participate in the market for C3is ( CISS ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of C3is ( CISS ), which is trading at $0.03 as of publishing time, $100 would buy you 3333.33 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, CISS has a 52-week high of $5.55 and a 52-week low of $0.02.