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Rubico Announces Pricing of $4.0 Million Public Offering
Globenewswire· 2026-01-09 14:15
Company Overview - Rubico Inc. is a global provider of shipping transportation services, specializing in the ownership of vessels [5] - The company operates two modern, fuel-efficient, eco-friendly Suezmax tankers with a deadweight tonnage of 157,000 [5] - Rubico is incorporated under the laws of the Republic of the Marshall Islands and has its executive offices in Athens, Greece [5] Public Offering Details - Rubico announced a public offering of 6,666,666 units, each consisting of one share of common stock and 1.5 Class B Warrants, priced at $0.60 per unit [1] - The gross proceeds from the offering are expected to be approximately $4.0 million before deducting fees and expenses [2] - The offering is expected to close on or about January 12, 2026, subject to customary closing conditions [2] Securities Registration - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on January 9, 2026 [3] - A final prospectus related to the offering will be filed with the SEC and will be available on the SEC's website [3]
Rubico Inc(RUBI) - Prospectus(update)
2025-12-31 22:29
As filed with the U.S. Securities and Exchange Commission on December 31, 2025. Registration No. 333-292077 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Id ...
Rubico Inc(RUBI) - Prospectus
2025-12-11 21:35
As filed with the U.S. Securities and Exchange Commission on December 11, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Identification No.) 20 Iouliou Kaisara Str 19002 Paiania Ath ...
Rubico Inc. Announces Reverse Stock Split
Globenewswire· 2025-11-28 13:30
Core Viewpoint - Rubico Inc. has announced a 1-for-30 reverse stock split to increase the market price of its common stock and maintain compliance with Nasdaq's listing requirements [7]. Group 1: Reverse Stock Split Details - The reverse stock split will be effective on December 2, 2025, with common shares trading on a split-adjusted basis under the symbol "RUBI" [2]. - Every 30 issued and outstanding common shares will convert into 1 common share, without changing the par value or the total number of shares authorized [3]. - As of November 20, 2025, the company had 61,444,087 outstanding common shares, which will be reduced to approximately 2,048,136 shares after the split [4]. Group 2: Shareholder Impact - The reverse stock split will not affect shareholders' ownership percentages, except for fractional shares, and will not impact the company's market capitalization or voting rights [4]. - No fractional shares will be issued; instead, shareholders entitled to fractional shares will receive a cash payment based on the closing price of the common shares on December 1, 2025 [5]. - Shareholders with shares held in book-entry form or through a bank or broker will see the impact reflected in their accounts without needing to take action [6]. Group 3: Company Overview - Rubico Inc. is a global provider of shipping transportation services, specializing in vessel ownership, and operates two modern, fuel-efficient Suezmax tankers [8].
Rubico Inc. Announces Time Charter Extensions and Contracted Revenue Backlog of $120.8 Million
Globenewswire· 2025-11-25 12:00
Core Viewpoint - Rubico Inc. has successfully extended the time charter agreements for its two ECO tanker vessels, ensuring stable revenue generation through 2027 and beyond [1][2]. Group 1: Charter Agreement Details - The time charter employment for both vessels will continue at a gross daily hire rate of $32,850 until January 11, 2027, followed by a reduced rate of $29,990 for the next four years [1]. - The charterer retains the option to extend each time charter for two additional years at rates of $34,750 for the first optional year and $36,750 for the second optional year [2]. Group 2: Financial Implications - The total contracted revenue backlog has reached $120.8 million since the latest reported period, indicating a strong financial position for the company [2]. Group 3: Company Overview - Rubico Inc. specializes in the ownership and operation of modern, fuel-efficient ECO Suezmax tankers, with a focus on providing shipping transportation services [3]. - The company is incorporated in the Republic of the Marshall Islands and operates from Athens, Greece, with its shares traded on the Nasdaq Capital Market under the symbol "RUBI" [3].
Diana Shipping Inc. Announces Proposal to Acquire Remaining Shares of Genco Shipping & Trading Limited
Globenewswire· 2025-11-24 14:15
Core Viewpoint - Diana Shipping Inc. has proposed to acquire all outstanding shares of Genco Shipping & Trading Limited not already owned by Diana for $20.60 per share in cash, representing a significant premium to historical trading prices [1][7]. Group 1: Acquisition Proposal - The proposed acquisition price of $20.60 per share represents a 15% premium to Genco's closing price on November 21, 2025, a 21% premium to the closing price on July 17, 2025, and a 23% premium to the volume-weighted average price over the last 30 and 90 days [7]. - Diana currently owns approximately 14.8% of Genco's outstanding shares, and the proposal aims to provide Genco shareholders with immediate cash value [1][2]. Group 2: Strategic Rationale - The CEO of Diana emphasized that the acquisition would enhance the scale and flexibility of the combined fleet, improving operational leverage in the dry bulk market at a favorable time in the cycle [2]. - The transaction is intended to be financed through a new acquisition facility, with plans to selectively divest assets post-transaction to optimize the fleet and balance sheet [2]. Group 3: Board Approval and Engagement - The proposal has received unanimous approval from Diana's Board of Directors, and the company is prepared to engage with Genco's Board and management to expedite the transaction [3]. - The proposal is a non-binding expression of interest, and there is no guarantee that an agreement will be reached [4].
OceanPal Inc. Announces NASDAQ Ticker Change from "OP" to "SVRN"
Prnewswire· 2025-11-15 00:16
Core Points - OceanPal Inc. plans to change its stock ticker symbol from "OP" to "SVRN" effective November 17, 2025 [1][2] - The change will not affect the rights of outstanding common stock, and no action is required from shareholders [2] - OceanPal Inc. specializes in shipping transportation services, focusing on dry bulk vessels and product tankers [3] Company Overview - OceanPal Inc. is engaged in the seaborne transportation of bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products [3] - The company's fleet primarily operates on time charter trips with short to medium duration and spot charters, aiming to maximize long-term shareholder value [3] Subsidiary Information - SovereignAI is a wholly owned subsidiary of OceanPal, formed to implement a digital asset treasury strategy [4] - SovereignAI focuses on developing confidential AI infrastructure that intersects AI and blockchain in public markets [4] - The subsidiary will utilize NEAR Protocol's technology to establish private, user-owned commerce, with funds generated from NEAR tokens supporting the company's blockchain-native AI infrastructure goals [4]
Rubico Inc. Announces Successful Completion of Fleet Refinancing
Globenewswire· 2025-11-12 16:30
Core Points - Rubico Inc. has successfully closed sale and leaseback financing agreements with a major Chinese financier for refinancing two Suezmax tankers, Eco West Coast and Eco Malibu [1][5] - The gross proceeds from the financing agreements amounted to approximately $10.4 million after repayment of previous debt and related expenses [2] - The refinancing of each tanker is set at $42.0 million, with specific terms for bareboat charter and purchase obligations outlined for both vessels [3][4] Financing Details - The SLB for M/T Eco West Coast includes a bareboat charter for ten years at monthly installments of $0.18 million, with a purchase obligation of $20.0 million at the end of the charter [3] - The SLB for M/T Eco Malibu includes a bareboat charter for ten years at monthly installments of $0.19 million, with a purchase obligation of $19.0 million at the end of the charter [4] - Both financing agreements maintain a conservative leverage ratio of about 50% for the fleet [3] Company Overview - Rubico Inc. specializes in the ownership and operation of modern, fuel-efficient Suezmax tankers, with a focus on eco-friendly shipping solutions [6] - The company is incorporated in the Republic of the Marshall Islands and operates from Athens, Greece, with shares traded on the Nasdaq Capital Market under the symbol "RUBI" [6]
Diana Shipping Inc. Announces the Date for the 2025 Third Quarter Financial Results, Conference Call and Webcast
Globenewswire· 2025-11-11 14:10
Core Points - Diana Shipping Inc. will release its financial results for Q3 2025 on November 20, 2025, before U.S. market opening [1] - A conference call and webcast will be held at 9:00 A.M. Eastern Time on the same day to discuss the results [2] - Investors can access the webcast through the company's website, and a replay will be available for 30 days [3][4] Company Overview - Diana Shipping Inc. specializes in the ownership and bareboat charter-in of dry bulk vessels, providing global shipping transportation services [5] - The company's vessels are primarily engaged in short to medium-term time charters, transporting various dry bulk commodities such as iron ore, coal, and grain [5]
Performance Shipping Inc. Announces Date for Its 2025 Annual General Meeting of Shareholders
Globenewswire· 2025-11-05 14:00
Group 1 - Performance Shipping Inc. has scheduled its 2025 annual general meeting of shareholders for December 3, 2025, with a record date of October 27, 2025 [1] - The company specializes in the ownership of tanker vessels and provides global shipping transportation services [2] - The fleet is employed on spot voyages, through pool arrangements, and on time charters [2]