Core Viewpoint - Rubico Inc. has entered into a letter of intent for the potential acquisition of a newbuilding mega yacht, the M/Y Sanlorenzo 1150Exp, with expected delivery in Q2 2027 [1][2] Company Overview - Rubico Inc. is a global provider of shipping transportation services, specializing in vessel ownership [3] - The company operates two modern, fuel-efficient, eco-friendly Suezmax tankers with a deadweight tonnage of 157,000 [3] - Rubico is incorporated in the Republic of the Marshall Islands and has its executive offices in Athens, Greece [3] - The company's common shares are traded on the Nasdaq Capital Market under the symbol "RUBI" [3] Acquisition Details - The company will make an advance cash payment of $4.0 million, which will be credited against the acquisition price or refunded if the purchase does not proceed [2] - The exclusivity period under the letter of intent will expire on March 31, 2026, during which the company will conduct due diligence and evaluate market conditions [2] - A special independent committee of the company's board will negotiate and approve any potential acquisition related to the letter of intent [2]