Rubico Reveals Pricing for $7.5 Million Public Offering with Underwriters
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: Nov 05 20250mins
Public Offering Announcement: Rubico Inc. has priced its public offering of 12,315,270 units at $0.609 per unit, with each unit consisting of one common share and one Class A warrant.
Warrant Details: The warrants will expire in one year, are immediately exercisable, and can be exchanged for double the number of common shares under a zero cash exercise option.
Financial Proceeds: The company expects to raise approximately $7.5 million from the offering, which is set to close on or about November 6, 2025, pending customary closing conditions.
Company Overview: Rubico Inc. specializes in shipping transportation services and operates two eco-friendly Suezmax tankers, with its shares trading on the Nasdaq under the symbol "RUBI".
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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.
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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.
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