Core Viewpoint - Rubico Inc. has successfully completed its spin-off from Tops Ships Inc. effective August 1, 2025, and its shares began trading on the Nasdaq Capital Market under the ticker symbol "RUBI" on August 4, 2025 [1]. Company Overview - Rubico Inc. is a global provider of shipping transportation services, focusing on the ownership of vessels [3]. - The company operates two modern, fuel-efficient, eco-friendly Suezmax tankers with a deadweight tonnage (dwt) of 157,000 [3]. - Rubico Inc. is incorporated under the laws of the Republic of the Marshall Islands and has its executive offices located in Athens, Greece [3].

Core Viewpoint - TOP Ships Inc. is executing a spin-off of its vessels into a new entity, Rubico Inc., with key dates for distribution and trading outlined [1][2][3]. Group 1: Spin-off Details - The expected distribution date for Rubico common shares is August 1, 2025 [1]. - Rubico shares will begin trading on the Nasdaq Capital Market under the ticker "RUBI" on August 4, 2025 [2]. - The spin-off involves two vessels, M/T Eco Malibu and M/T Eco West Coast, both modern, fuel-efficient Suezmax tankers [3]. Group 2: Shareholder Information - TOP Ships will distribute 100% of Rubico's common shares pro rata to its securityholders of record as of June 16, 2025 [3]. - The NYSE American has established an ex-distribution date of June 16, 2025, after which TOP Ships shares will trade without entitlement to Rubico shares [3]. Group 3: Regulatory Filings - Rubico has filed a registration statement on Form 20-F with the SEC, detailing the terms of the spin-off [4].

Core Viewpoint - TOP Ships Inc. has announced the approval of Rubico Inc.'s application to list its common shares on the Nasdaq Capital Market, marking a significant step in the company's spin-off strategy [1][2]. Group 1: Spin-off Details - The distribution of Rubico common shares to TOP Ships securityholders is expected to occur within July 2025, with the exact date to be announced later [2]. - Rubico's common shares will begin trading on the Nasdaq Capital Market under the ticker "RUBI" on the first trading day following the distribution [2]. - The spin-off involves two vessels, the M/T Eco Malibu and M/T Eco West Coast, both modern, high specification, scrubber-fitted, and fuel-efficient 157,000 dwt Suezmax tankers [3]. Group 2: Regulatory Filings - Rubico has filed a registration statement on Form 20-F with the SEC, providing detailed information regarding the spin-off [4]. - The registration statement is accessible on the SEC's website, ensuring transparency and compliance with regulatory requirements [4]. Group 3: Company Overview - TOP Ships Inc. operates as an international owner and operator of ocean-going vessels, focusing on modern, fuel-efficient eco tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals [5].

Core Viewpoint - TOP Ships Inc. is planning a spin-off of its subsidiary Rubico Inc., which will become an independent publicly-traded company listed on the Nasdaq Capital Market [2][6]. Group 1: Spin-off Details - The spin-off will involve the distribution of 100% of Rubico's common shares to TOP Ships' securityholders of record as of June 16, 2025 [2][3]. - Approximately 3,057,337 Rubico common shares are expected to be distributed at a ratio of one Rubico share for every two TOP Ships shares held [4]. - The NYSE has set June 16, 2025, as the ex-distribution date, meaning TOP Ships shares will trade without entitlement to Rubico shares from that date [3][4]. Group 2: Financial Aspects - Rubico plans to raise $1.5 million through a private placement of its common shares at a price of $20.00 per share [5]. - The spin-off transaction is contingent upon the effectiveness of Rubico's registration statement with the SEC and the approval for listing on the Nasdaq [6]. Group 3: Company Overview - TOP Ships Inc. operates modern, fuel-efficient eco tanker vessels, focusing on the transportation of crude oil, petroleum products, and bulk liquid chemicals [7].

Core Viewpoint - TOP Ships Inc. plans to spin off its subsidiary Rubico Inc., which will become an independent publicly-traded company listed on the Nasdaq Capital Market, focusing on two Suezmax tanker vessels [1][2][7] Spin-off Details - The spin-off will involve distributing 100% of Rubico's common shares to TOP Ships' securityholders of record as of June 16, 2025, with the distribution expected around June 30, 2025 [3][4] - Each common shareholder of TOP Ships will receive one Rubico common share for every two TOP Ships common shares held, with no fractional shares distributed [5] - Rubico plans to raise $1.5 million through a private placement of its common shares at a price of $20.00 per share, expected to close concurrently with the spin-off distribution [6] Company Overview - TOP Ships Inc. is an international owner and operator of modern, fuel-efficient eco tanker vessels, primarily transporting crude oil, petroleum products, and bulk liquid chemicals [8]