surfer44
1週前
Rubico Inc. Announces Reverse Stock Split
June 23 2026 - 4:30PM
Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that its board of directors (the “Board”) has determined to effect a 1 for 25 reverse stock split (the “Reverse Stock Split”) of the Company’s issued common shares, par value $0.01 (the “Common Shares”), effective at the opening of trading on June 26, 2026.
Reverse Stock Split
The Reverse Stock Split will be effective, and the Common Shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market (“Nasdaq”), at the opening of trading on June 26, 2026, under the existing trading symbol “RUBI.” The new CUSIP number for the Common Shares following the Reverse Stock Split will be Y1250N131.
When the Reverse Stock Split becomes effective, every 25 issued and outstanding Common Shares will be automatically converted into 1 issued and outstanding Common Share without any change in (i) the par value per share or (ii) the total number of Common Shares the Company is authorized to issue.
Details
The Reverse Stock Split will not (i) affect any shareholder’s ownership percentage of Common Shares (except as a result of the cancellation of fractional shares), (ii) have any direct impact on the market capitalization of the Company, or (iii) modify any voting rights or other terms of the Common Shares. As of June 23, 2026, the Company had 15,126,008 outstanding Common Shares, which will be reduced to approximately 605,040 Common Shares, to be adjusted for cancellation of any fractional shares.
No fractional shares will be created or issued in connection with the Reverse Stock Split. Shareholders who otherwise would be entitled to receive fractional shares because their pre-split holdings of Common Shares are not evenly divisible by the number of pre-split shares for which each post-split share is to be exchanged will receive a cash payment in lieu thereof at a price equal to that fraction of a share to which the shareholder would otherwise be entitled, multiplied by the closing price of the Common Shares on Nasdaq on June 25, 2026.
Shareholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the Reverse Stock Split reflected in their accounts on or after June 26, 2026. Such beneficial holders may contact their bank, broker, or nominee for more information.
The purpose of the reverse stock split is to increase the market price of the Company’s common stock. The Company believes that the Reverse Stock Split will increase the market price for its common stock and allow it to maintain compliance with Nasdaq’s continued listing requirements.
About the Company
Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. The Company is an international owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers and it also has two newbuilding contracts, one for a 47,499 dwt chemical/product oil carrier and one for a M/Y Sanlorenzo 1150Exp, a 60 meters megayacht.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Athens, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “RUBI”.
Please visit the Company’s website at: https://rubicoinc.com/
For further information please contact:
Nikolaos Papastratis
Chief Financial Officer
Rubico Inc.
Tel: +30 210 812 8107
Email: npapastratis@rubicoinc.com
https://investorshub.advfn.com/stock-market/NASDAQ/rubico-RUBI/stock-news/98795569/rubico-inc-announces-reverse-stock-split
surfer44
3週前
Rubico Inc. is an independent, publicly traded shipping company that spun off from TOP Ships Inc. on August 1, 2025. The company operates on the Nasdaq Capital Market under the ticker symbol RUBI.
Fleet and Operations: The spin-off allowed TOP Ships to separate two of its modern, fuel-efficient Suezmax tankers into a standalone entity. Rubico’s core fleet initially consisted of two vessels:M/T Eco Malibu M/T Eco West Coast In late 2025, Rubico expanded beyond traditional tankers by agreeing to purchase a 60-meter luxury megayacht newbuilding (scheduled for 2027 delivery) from its former parent company.
Transaction DetailsDistribution: TOP Ships distributed 100% of Rubico's common shares to its existing security holders, with shares beginning to trade on a standalone basis on August 4, 2025. Management & Independence: Following the distribution, Rubico was set up with independent management and an independent board of directors to distance itself from overlapping control with TOP Ships. Private Placement: Concurrently with the spin-off, Rubico raised $1.5 million in a private placement to fund operations.
Where to Find More: For the official regulatory documents, comprehensive financials, or information regarding the spin-off's direct impact on security holders, refer to Rubico's SEC Form 20-F Registration Statement or visit the official Rubico Inc. Website.
surfer44
3月前
Rubico Inc. Announces Reverse Stock Split
April 07 2026 - 8:00AM
Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that its board of directors (the “Board”) has determined to effect a 1 for 10 reverse stock split (the “Reverse Stock Split”) of the Company’s issued common shares, par value $0.01 (the “Common Shares”), effective at the opening of trading on April 9, 2026.
Reverse Stock Split
The Reverse Stock Split will be effective, and the Common Shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market (“Nasdaq”), at the opening of trading on April 9, 2026, under the existing trading symbol “RUBI.” The new CUSIP number for the Common Shares following the Reverse Stock Split will be Y1250N123.
When the Reverse Stock Split becomes effective, every 10 issued and outstanding Common Shares will be automatically converted into 1 issued and outstanding Common Share without any change in (i) the par value per share or (ii) the total number of Common Shares the Company is authorized to issue.
Details
The Reverse Stock Split will not (i) affect any shareholder’s ownership percentage of Common Shares (except as a result of the cancellation of fractional shares), (ii) have any direct impact on the market capitalization of the Company, or (iii) modify any voting rights or other terms of the Common Shares. As of April 7, 2026, the Company has 7,573,572 outstanding Common Shares, which will be reduced to approximately 757,356 Common Shares, to be adjusted for cancellation of any fractional shares.
No fractional shares will be created or issued in connection with the Reverse Stock Split. Shareholders who otherwise would be entitled to receive fractional shares because their pre-split holdings of Common Shares are not evenly divisible by the number of pre-split shares for which each post-split share is to be exchanged will receive a cash payment in lieu thereof at a price equal to that fraction of a share to which the shareholder would otherwise be entitled, multiplied by the closing price of the Common Shares on Nasdaq on April 8, 2026.
Shareholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the Reverse Stock Split reflected in their accounts on or after April 9, 2026. Such beneficial holders may contact their bank, broker, or nominee for more information.
The purpose of the reverse stock split is to increase the market price of the Company’s common stock. The Company believes that the reverse stock split will increase the market price for its common stock and allow it to maintain compliance with Nasdaq’s continued listing requirements.
About the Company
Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. The Company is an international owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Athens, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “RUBI”.
Please visit the Company’s website at: https://rubicoinc.com/
https://investorshub.advfn.com/stock-market/NASDAQ/rubico-RUBI/stock-news/98233241/rubico-inc-announces-reverse-stock-split
Dickybad
3月前
Thank you for the reply. I do like the possibilities with RUBI, it's more or less just way to gamble, online. Doubled down this morning. But. I do see an R/S coming if NASDAQ will allow them to R/S. Time will tell, TOPS may toss them a life-line which is what I am betting on, so I am looking for a $1 plus, and I will be happy with that. GL to you.
Dickybad
3月前
As of February 27, 2026, Rubico Inc. (RUBI) had approximately 113,853 shares sold short, according to
The Wall Street Journal and Stock Analysis. This short interest represents a significant portion of its total outstanding shares. The short interest increased by 84.51% from the previous report, notes The Wall Street Journal.
Short Interest (Feb 27, 2026): 113,853 shares.
Shares Outstanding: Approximately 4.06M - 4.32M.
Short Interest Ratio: 0.03.
Previous Short Interest (Feb 13, 2026): 61,700 shares.
INV4
4月前
Rubico Announces Management Estimate of Net Asset Value to $94.2 Million
March 2, 2026
ATHENS, Greece, March 02, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that after taking into account the most recent charter free vessel value estimates from a third party international broker, debt outstanding and cash, management estimates the Company’s net asset value (“NAV”) as of December 31, 2025 to be $94.2 million. This translates into a NAV of $22.88 per common share (based on number of common shares currently outstanding) and $15.08 per common share on a fully diluted basis (assuming exercise of all the 2,128,854 outstanding warrants and prefunded warrants).
The Company’s CEO said:
“As per the latest market close, we are trading at a 94.4% discount to the Company’s current estimate of the fully-diluted NAV of the Company. The company’s fleet has an average age of about five years, consisting of state-of-the-art vessels equipped with the latest eco-friendly and fuel-efficient specifications and features. Our time charters with high quality customers have been generating positive cashflow and income and we expect that they will continue the same way until their fixed period expires in Q1 2031.”
About the Company
Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. The Company is an international owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Athens, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “RUBI”.Please visit the Company’s website at: https://rubicoinc.com/
For further information please contact:Nikolaos PapastratisChief Financial OfficerRubico Inc.Tel: +30 210 812 8107Email: npapastratis@rubicoinc.com
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including with respect to the Company’s future operational performance and the trading of the Company’s shares.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Please see the Company’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Source: Rubico Inc.
https://www.nasdaq.com/press-release/rubico-announces-management-estimate-net-asset-value-942-million-2026-03-02
$RUBI 🗞️
iHub News
4月前
Rubico estimates net asset value at $94.2 millionMarch 2, 2026 10:05 AM
IH Market News
Rubico Inc. (NASDAQ:RUBI), a global shipping transportation company focused on vessel ownership, announced that management has calculated an estimated net asset value (NAV) of $94.2 million as of December 31, 2025. The estimate incorporates updated charter-free vessel valuations provided by an independent international broker, along with the company’s outstanding debt and cash position.Based on the current number of shares outstanding, the estimated NAV equates to $22.88 per common share. On a fully diluted basis — assuming the exercise of all 2,128,854 outstanding warrants and prefunded warrants — NAV is estimated at $15.08 per share.The company’s Chief Executive Officer commented: “As per the latest market close, we are trading at a 94.4% discount to the Company’s current estimate of the fully-diluted NAV of the Company. The company’s fleet has an average age of about five years, consisting of state-of-the-art vessels equipped with the latest eco-friendly and fuel-efficient specifications and features. Our time charters with high quality customers have been generating positive cashflow and income and we expect that they will continue the same way until their fixed period expires in Q1 2031.”About the CompanyRubico Inc. is an international provider of maritime transportation services specializing in vessel ownership and operation. The company owns and operates two modern, fuel-efficient eco-design Suezmax tankers with a capacity of 157,000 deadweight tons each.Rubico is incorporated in the Republic of the Marshall Islands and maintains executive offices in Athens, Greece. Its common shares are listed on the Nasdaq Capital Market.Rubico stock price
Original: Rubico estimates net asset value at $94.2 million
surfer44
4月前
Rubico Announces Management Estimate of Net Asset Value to $94.2 Million
March 02 2026 - 9:22AM
Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that after taking into account the most recent charter free vessel value estimates from a third party international broker, debt outstanding and cash, management estimates the Company’s net asset value (“NAV”) as of December 31, 2025 to be $94.2 million. This translates into a NAV of $22.88 per common share (based on number of common shares currently outstanding) and $15.08 per common share on a fully diluted basis (assuming exercise of all the 2,128,854 outstanding warrants and prefunded warrants).
The Company’s CEO said:
“As per the latest market close, we are trading at a 94.4% discount to the Company’s current estimate of the fully-diluted NAV of the Company. The company’s fleet has an average age of about five years, consisting of state-of-the-art vessels equipped with the latest eco-friendly and fuel-efficient specifications and features. Our time charters with high quality customers have been generating positive cashflow and income and we expect that they will continue the same way until their fixed period expires in Q1 2031.”
About the Company
Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. The Company is an international owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Athens, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “RUBI”.
Please visit the Company’s website at: https://rubicoinc.com/
https://investorshub.advfn.com/stock-market/NASDAQ/rubico-RUBI/stock-news/97952351/rubico-announces-management-estimate-of-net-asset
surfer44
4月前
Rubico Inc. Announces Agreement to Acquire an ECO MR Product Tanker Newbuilding with Time Charter Employment and Potential Gross Revenue Backlog of about $75 million
February 23 2026 - 10:24AM
Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that it has entered into an agreement with Central Mare Inc, an affiliate of Mr. Evangelos Pistiolis, (“the Seller”), to acquire 100% of the issued and outstanding shares of a Marshall Islands company (the “SPV”), counterparty to a ship building contract for a very-high specification 47,499 dwt Medium Range (“MR”) product/chemical oil tanker with Guangzhou Shipyard International Company Limited, scheduled for delivery during 2029.
The ship building contract effectiveness is subject to the issuance of a customary refund guarantee and the acquisition of the SPV is subject to conclusion of financing arrangements. Specifically, the SPV is currently finalizing a lease financing agreement (the “Financing”) with ABC Financial Leasing Co., Ltd., a major Chinese leasing company, or its controlled entities, covering the majority of the ship building contract’s price for the vessel. The Financing was arranged by the Seller and its conclusion is subject to customary closing conditions, including the provision of the Company’s corporate guarantee to the leasing company.
The Seller has also secured a time charter employment with a major oil trader for the vessel, starting from its delivery and for a firm duration of seven years, with charterer’s option to extend for four additional years.
The total potential gross revenue backlog from this contract, including optional years, is about $75 million.
The Company has agreed to acquire the shares of the SPV for an aggregate purchase price of about $4.2 million and due to the related party nature of the acquisition, the transaction was approved by a special committee composed of independent members of the Company's board of directors, (the “Transaction Committee”). The Transaction Committee obtained a fairness opinion relating to the consideration of this transaction from an independent financial advisor.
About the Company
Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. The Company is an international owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Athens, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “RUBI”.
Please visit the Company’s website at: https://rubicoinc.com/
https://investorshub.advfn.com/stock-market/NASDAQ/rubico-RUBI/stock-news/97892543/rubico-inc-announces-agreement-to-acquire-an-eco
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