SCHEDULE: Evergreen Capital Management Exits C3is Inc. Stake

Evergreen Capital Management LLC has filed an amendment to its Schedule 13G, indicating it no longer holds more than 5% of C3is Inc. common stock.

Summary

• Evergreen Capital Management LLC has filed an amendment to its Schedule 13G filing, marking an exit from its significant stake in C3is Inc.
• The filing indicates that Evergreen Capital Management LLC no longer beneficially owns more than 5% of the outstanding shares of C3is Inc. common stock.
• This amendment serves as an exit filing for Evergreen Capital Management LLC.
• The reporting person holds Series D Warrants exercisable for up to 46,719 shares of Common Stock.
• The reported beneficial ownership of 27,746 shares of Common Stock is based on these Warrants, excluding 18,973 shares due to a 4.99% beneficial ownership limitation in the Warrants.
• The percentage of class represented by the reported amount is 4.99%, based on 528,305 shares of Common Stock outstanding as of April 27, 2026, after a 1-for-7 reverse stock split.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a slightly negative sentiment due to the exit of a significant holder, although the lack of specific negative disclosures prevents a lower score.

Positives

• Evergreen Capital Management LLC has successfully managed its position to exit its beneficial ownership above the 5% threshold, potentially avoiding further regulatory scrutiny or disclosure requirements.
• The company has clarified its holdings related to warrants and beneficial ownership limitations, providing transparency to the market.

Negatives

• Evergreen Capital Management LLC is no longer a significant beneficial owner of C3is Inc., which could be interpreted as a lack of confidence in the company's future prospects by a former major holder.

Risks

• The 4.99% beneficial ownership limitation in the Series D Warrants restricts the number of shares Evergreen Capital Management LLC can ultimately acquire, capping its potential upside.
• The filing does not detail the reasons for the exit, leaving potential market participants to speculate on underlying concerns about C3is Inc.'s performance or strategy.

Future Outlook

The filing itself is an exit filing and does not contain forward-looking statements or guidance from C3is Inc. The future outlook for C3is Inc. is not addressed in this document.

Management Comments

• Jeffrey Pazdro, Manager of Evergreen Capital Management LLC, certifies that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.
• Jeffrey Pazdro disclaims beneficial ownership of securities to the extent they are deemed beneficially owned by him for all purposes other than those defined under Rule 13d-3 of the Securities Exchange Act of 1934.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant shareholders to report their holdings. An exit filing like this, especially when the ownership falls below the 5% threshold, can sometimes signal a shift in the investor's strategy or a perceived change in the company's outlook, though the specific reasons are not disclosed here.

Stakeholder Impact

• Shareholders may view the exit of Evergreen Capital Management LLC as a potential negative signal, possibly leading to short-term price pressure.
• The market will have clearer visibility on the ownership structure now that Evergreen Capital Management LLC is below the 5% reporting threshold.

Next Steps

• Evergreen Capital Management LLC will no longer be required to file amendments to Schedule 13G for C3is Inc. unless their beneficial ownership again exceeds 5%.

Key Dates

Keywords

Schedule 13G, C3is Inc., Evergreen Capital Management LLC, Beneficial Ownership, SEC Filing, Common Stock, Warrants, Exit Filing, Securities Exchange Act