EXHIBIT 5.1
REEDER & SIMPSON, P.C.
ATTORNEYS AT LAW
| | | | |
P.O. Box 601 | | | | RMI Tel.: +692-455-0560 |
RRE Commercial Center | | | | Honolulu Tel.: +808-352-0749 |
Majuro, MH 96960 - Marshall Islands | | | | Email: dreeder.rmi@gmail.com |
May 17, 2023
C3is Inc.
331 Kifissias Avenue
Erithrea 14561
Athens, Greece
Re: C3is Inc. – Exhibit 5.1 Opinion
Ladies and Gentlemen:
We have acted as special Marshall Islands counsel to C3is Inc., a Republic of the Marshall Islands corporation (the “Company”), in connection with the preparation of the Company’s Registration Statement on Form F-1 (Reg. No. 333-271228) (as amended, the “Registration Statement”), originally filed with the U.S. Securities and Exchange Commission (the “Commission”), on April 12, 2023 under the Securities Act of 1933, as amended (the “Act”), including the prospectus that is part of the Registration Statement (the “Prospectus”). The Registration Statement and Prospectus relate to the distribution by Imperial Petroleum Inc. of 3,182,932 shares of common stock, par value $0.01 (the “Shares”), of the Company to holders of Imperial Petroleum Inc.’s common stock and holders of outstanding warrants to purchase Imperial Petroleum Inc. common stock on a pro rata basis.
As such counsel we have examined originals or copies (certified or otherwise identified to our satisfaction) of the following documents:
| (a) | the Registration Statement and the Prospectus; |
| (b) | the Articles of Incorporation of the Company (as amended to date, the “Articles”); and |
| (c) | such other papers, documents, agreements, certificates of public officials and certificates of representatives of the Company we have deemed relevant and necessary as the basis for the opinions hereinafter expressed. |
In such examination, we have assumed (a) the legal competence or capacity of persons or entities (other than the Company) to complete the execution of documents, (b) the genuineness of all signatures and the authenticity of all documents submitted to us as originals, (c) the conformity to original documents of all documents submitted to us as conformed or photostatic copies, (d) that the documents reviewed by us in connection with the rendering of the opinions set forth herein are true, correct and complete, and (e) the truthfulness of each statement as to all factual matters contained in any document or certificate encompassed within the due diligence review undertaken by us. As to matters of fact material to this opinion that have not been independently established, we have relied upon the representations and certificates of officers or representatives of the Company and of public officials, in each case as we have deemed relevant and appropriate. We have not independently verified the facts so relied on.