Core Points - Rubico Inc. announced the pricing of its underwritten public offering of 12,315,270 units at a price of $0.609 per unit, each unit consisting of one common share and one Class A warrant [1][3] - The gross proceeds from the offering are expected to be approximately $7.5 million before deducting underwriting discounts and commissions [3] - The offering is expected to close on or about November 6, 2025, subject to customary closing conditions [3] Offering Details - Each warrant will expire one year from issuance and will be immediately exercisable at an initial price of $0.609 per share, with adjustments on the fourth and eighth trading days following the offering [2] - The company has granted underwriters a 45-day option to purchase up to an additional 1,847,290 common shares and/or warrants at the public offering price [4] - A registration statement was filed with the SEC and became effective on November 4, 2025, with a final prospectus to be available on the SEC's website [5] Company Overview - Rubico Inc. is a global provider of shipping transportation services, specializing in the ownership of vessels, and operates two modern, fuel-efficient Suezmax tankers [7] - The company is incorporated in the Republic of the Marshall Islands and has executive offices in Athens, Greece, with its common shares trading on the Nasdaq under the symbol "RUBI" [7]
Rubico Announces Pricing of $7.5 Million Underwritten Public Offering