Rubico Inc. (RUBI) Form 424B3 — Jul 15, 2026
Rubico Inc. announced the acquisition of a 47,499 dwt newbuilding MR tanker through the purchase of an SPV from Top Ships Inc. for approximately $6.25 million. The vessel, scheduled for delivery in Q3 2029, has secured a seven-year time charter with a major oil trader, providing firm employment and significant revenue visibility.
Key figures
- Revenue
- 0
- Debt Amount
- 0
- Deal Value Usd
- 6250000
- Gross Proceeds
- 0
- Shares Offered
- 15000000
- Interest Rate
- Term SOFR + 1.80%
- Total Backlog
- $304.6 million
- Net Income2025
- $2.6 million
- Balloon Payment
- $18.2 million
- Total Assets2025
- $134.1 million
- Installments Paid
- $6.8 million
- New Vessel Backlog
- $75.4 million
- Purchase Price SPV
- $6.25 million
- Quarterly Installments
- $0.5 million
- Stockholders Equity2025
- $45.8 million
- Shipbuilding Contract Price
- $45.2 million
AI analysis
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