Rubico Inc. (RUBI) Form 424B3 — Oct 6, 2026
Rubico Inc. (Nasdaq: RUBI) announced the closing of its acquisition of a third newbuilding MR tanker via a share purchase agreement dated July 27, 2026 with related party Top Ships Inc. The 47,499 dwt vessel is under construction at Guangzhou Shipyard International and is scheduled for delivery in Q2 2029. The SPV has secured a seven-year firm time charter with a major oil trader starting at delivery, with options to extend for four additional years.
Key figures
- Suezmax dwt
- 157000
- Delivery quarter
- Q2 2029
- Charter firm years
- 7
- Fleet suezmax count
- 2
- Stock dividend ratio
- 0.50 common shares per common share
- Newbuilding mr tanker dwt
- 47499
- Mr backlog with options usd
- $226.3 million
- Charter extension option years
- 4
- Total backlog with options usd
- $374.6 million
AI analysis
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