Rubico Inc. Completes $7.5 Million Public Offering

Rubico Inc. has successfully completed a public offering, raising approximately $7.5 million by selling 12,315,270 units at $0.609 each. This offering included common shares and Class A warrants, with a partial over-allotment option exercised by underwriters. The funds are expected to enhance Rubico's liquidity and strengthen its market position in the shipping industry. Rubico Inc. specializes in shipping transportation services and operates eco-friendly Suezmax tankers, with shares traded on the Nasdaq under the symbol 'RUBI'.

Rubico | 10-Q: FY2025 Q3 Revenue: USD 179.49 M

Rubico shares are trading lower after the company priced an underwritten offering of 12.3M units at $0.609 each, raising gross proceeds of ~$7.5M.

Rubico Announces Pricing of $7.5 Million Underwritten Public Offering | RUBI Stock News

Rubico Inc. has announced the pricing of its underwritten public offering of 12,315,270 units at $0.609 per unit, aiming to raise approximately $7.5 million. Each unit includes one common share and one Class A warrant, which will expire in one year. The offering is expected to close on November 6, 2025, pending customary conditions. Maxim Group LLC is the sole book-running manager for the offering. The company operates in shipping transportation services and is listed on Nasdaq under the symbol "RUBI."

Rubico Inc. Reports Financial Results and Strategic Agreements in 2025

Rubico Inc. (RUBI) reported its financial results for the first half of 2025, revealing a 1% decrease in revenues but a 13% increase in net income due to lower interest costs. The company raised $1.5 million through a private placement and established an Equity Line Purchase Agreement to sell up to $30 million in common shares, enhancing financial flexibility. Rubico operates two fuel-efficient Suezmax tankers for crude oil transportation.