Rubico Acquires Vessel Company for $38 Million Mega Yacht
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2025
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Source: Globenewswire
- Acquisition Agreement: Rubico Inc. has signed a purchase agreement with Top Ships Inc. to acquire a vessel-owning company for $38 million, with the new mega yacht M/Y Sanlorenzo 1150Exp expected to be delivered in Q2 2027, enhancing the company's competitive position in the yacht market.
- Due Diligence Completed: Following the signing of the letter of intent, Rubico conducted a thorough due diligence process to evaluate the transaction, demonstrating the company's commitment to future growth and strategic acquisitions.
- Advance Payment Arrangement: An advance payment of $4 million was made under the letter of intent, which will be credited against the purchase price of the yacht, showcasing the company's proactive approach to financial management.
- Independent Committee Review: The acquisition was reviewed and approved by an independent committee of the company's board, ensuring fairness in the transaction and boosting investor confidence in corporate governance.
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About RUBI
Rubico Inc is a Greece-based shipping company specializing in the eco-conscious deep sea freight transportation of crude oil. The Company operates a modern fleet of fuel-efficient sea-borne tankers designed to meet stringent environmental standards applied to sea and coastal freight water transport. The Company's Suezmax tankers include the M/T Eco Malibu and M/T Eco West Coast, with 157,000 of total deadweight tonnage (dwt). It emphasizes sustainability, safety, and operational efficiency through streamlined tanker operations, integrating green technologies to reduce emissions, as well as reduce environmental impact. Rubico Inc provides deep sea freight transportation services globally and is aiming to deliver reliable, ethical, and modern shipping solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rubico Inc. Prices Public Offering of 6.67 Million Units at $0.60 Each
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Rubico Acquires Vessel Company Linked to New Mega Yacht Contract, Delivery Expected in 2027
- Acquisition Agreement: Rubico has signed an agreement with Top Ships to acquire the company holding the shipbuilding contract for the M/Y Sanlorenzo 1150Exp, with delivery expected in the second quarter of 2027, thereby strengthening its position in the yacht market.
- Completion Timeline: The company anticipates completing the deal by March 31, 2026, demonstrating its commitment to a robust vessel ownership strategy.
- Financial Arrangement: An advance payment of $4 million under a letter of intent will be credited toward the purchase price, ensuring the smooth progression of the transaction.
- Board Approval: An independent committee of Rubico's board has obtained a fairness opinion from an independent financial advisor and approved the acquisition, reflecting the company's focus on long-term growth plans.
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