Group 1 - Rubico has entered into a purchase agreement to acquire a vessel-owning company from Top Ships Inc., which is associated with a shipbuilding contract for a new mega yacht, the M/Y Sanlorenzo 1150Exp [1] - The expected delivery of the mega yacht is from the shipyard in the second quarter of 2027, with a purchase price set at $38 million [1] - The completion of the purchase and sale of the owner's shares is anticipated to occur no later than March 31, 2026 [1] Group 2 - An advance payment of $4 million was made under a letter of intent, which will be credited against the purchase price of the newbuilding mega yacht [1] - A special independent committee, consisting of independent board members, negotiated and approved the acquisition after receiving a fairness opinion from an independent financial advisor [1]

Core Viewpoint - TOP Ships Inc. has entered into a sale agreement for a vessel-owning company, which is part of a shipbuilding contract for a new mega yacht, with a purchase price of $38.0 million and expected delivery in the second quarter of 2027 [1] Company Overview - TOP Ships Inc. is an international owner and operator of modern, fuel-efficient eco tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals [2]

Core Viewpoint - Rubico Inc. has entered into a purchase agreement to acquire a vessel-owning company from Top Ships Inc. for a newbuilding mega yacht, M/Y Sanlorenzo 1150Exp, at a price of $38.0 million, with expected delivery in the second quarter of 2027 [1]. Group 1: Acquisition Details - The acquisition involves a shipbuilding contract for the newbuilding mega yacht, with the purchase expected to be finalized by March 31, 2026 [1]. - An advance payment of $4.0 million was made as part of the letter of intent, which will be credited against the total purchase price [2]. - A special independent committee of the Company's board approved the acquisition after receiving a fairness opinion from an independent financial advisor [2]. Group 2: Company Overview - Rubico Inc. specializes in shipping transportation services and vessel ownership, incorporated in the Republic of the Marshall Islands, with executive offices in Athens, Greece [3]. - The Company's common shares are traded on the Nasdaq Capital Market under the symbol "RUBI" [3].

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]