Rubico Inc. Announces Reverse Stock Split
Key Highlights
- ➤1-for-25 reverse split effective October 30, 2026, at Nasdaq’s market open
- ➤RUBI shares outstanding fall from 13,517,355 to approximately 540,694
- ➤Reverse split targets higher share price and Nasdaq listing compliance
- ➤Shareholders retain ownership percentages, voting rights, and other share terms
ATHENS, Greece, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that its board of directors (the “Board”) has determined to effect a 1 for 25 reverse stock split (the “Reverse Stock Split”) of the Company's issued common shares, par value $0.01 (the “Common Shares”), effective at the opening of trading on October 30, 2026.
The Reverse Stock Split will be effective, and the Common Shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market (“Nasdaq”), at the opening of trading on October 30, 2026, under the existing trading symbol “RUBI.” The new CUSIP number for the Common Shares following the Reverse Stock Split will be Y1250N 305.
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