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 |
February 25, 2026
C3is Inc.
331 Kifissias Avenue
Kifissias 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 (the “RMI”), corporation (the “Company”), in connection with (i) the Company’s at-the-market offering (the “Offering”), of shares of its common stock, par value US$0.01 per share, having an aggregate offering price of up to US$98,000,000.00 (the “Shares”), (ii) the At-The-Market Issuance Sales Agreement, dated February 25, 2026 (the “Sales Agreement”), between the Company and Aegis Capital Corp. (the “Sales Agent”), including any amendments or supplements thereto, pursuant to which the Company may offer the Shares through the Agent, from time to time; (iii) the Company’s registration statement on Form F-3 (File No. 333- 285135) (the “Registration Statement”), filed pursuant to the U.S. Securities Act of 1933, as amended (the “Act”), (iv) a prospectus included therein (the “Base Prospectus”), and (v) a prospectus supplement thereto dated February 25, 2026 (the “Prospectus Supplement” and together with the Base Prospectus, the “Prospectus”). 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 Sales Agreement; |
| (c) | the Articles of Incorporation of the Company (as amended to date, the “Articles”); and |
| (d) | 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.
In connection with our opinion expressed below, we have assumed that, at or prior to the time of the delivery of any of the Shares, there will not have occurred any change in the law or the facts affecting the validity of the Shares.
With respect to the Shares, we have assumed that, as of each and every time any of the Shares are issued in accordance with the Sales Agreement, the Company will have a sufficient number of authorized and unissued Shares available for issuance under the Articles, as then in effect.
This opinion letter is limited to RMI law as of the date hereof.
Based on the foregoing and have regard to the legal considerations which we deem relevant we are of the opinion that:
| (1) | The Shares have been duly authorized by the Company. |
| (2) | The Shares, when issued, sold and paid for in accordance with the terms of the Registration Statement, the Prospectus and the Sales Agreement will be validly issued, fully paid and nonassessable. |
We consent to the filing of this opinion as an exhibit to the Registration Statement, the discussion of this opinion in the Registration Statement, and the references to our firm in the Prospectus. In giving this consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder, nor do we admit that we are experts with respect to any part of the Registration Statement within the meaning of the term “expert” as used in the Act.
| Very truly yours, |
| /s/ Dennis J. Reeder |
| Dennis J. Reeder |
| Reeder & Simpson, P.C. |