Rubico Inc. (RUBI) Form 6-K — Oct 15, 2026
Rubico Inc. amended its related-party agreement with TOP Ships Inc., extending the $3.7 million outstanding balance on the $6.5 million acquisition of Roman Shark V from September 30 to October 31, 2026. Rubico has already paid $2.8 million in cash, and the amended terms allow the remaining $3.7 million to be settled in cash or, at Rubico's election, in newly issued Series G Convertible Preferred Shares. Roman Shark V owns a 47,499 dwt MR chemical/product tanker under construction at Guangzhou Shipyard International.
Key figures
- Cash Settled
- 2800000
- Purchase Price
- 6500000
- Extended Due Date
- 2026-10-31
- Original Due Date
- 2026-09-30
- Outstanding Balance
- 3700000
- Vessel Dwt
- 47499
- Vessel Type
- MR chemical/product oil tanker
- Shipbuilder Contract Date
- 2026-02-03
- Share Purchase Agreement Date
- 2026-07-27
AI analysis
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