Rubico Announces Acquisition of Two Newbuilding MR Tankers
Rubico Inc. has entered into a share purchase agreement to acquire two special purpose vehicles (SPVs) from related party Top Ships Inc., adding two newbuilding MR tankers to its fleet.
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Rubico Inc. Reports Fiscal Year Financial Results
Rubico Inc. disclosed its financial performance for the past fiscal year, reporting revenue of 23.52 million USD and an operating profit of 12.4 million USD.
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Rubico To Acquire Newbuilding MR Tankers From Top Ships In $14.5M Deal With 7-Year Charter, Extendable To 11 Years; Total Potential Gross Revenue Backlog From This Contract, Including Optional Years, Is ~$150.9M
Rubico Announces 1 For 25 Reverse Stock Split, Effective October 30
Rubico Inc. Announces Increase of Net Asset Value to $258.0 Million
Rubico Inc. reported a net asset value (NAV) of $258.0 million as of September 30, 2026, representing a 41% increase from its previously reported NAV.
Rubico shares are trading lower despite a 41% increase in estimated NAV, as the company reported a fully diluted NAV of $3.58 per share and noted that charter-adjusted valuations would result in a significant reduction in vessel values and NAV.
Rubico Estimates NAV At $258M As Of September 30, 2026, Up 41%, Equal To $20.49/Share Or $3.58 Fully Diluted
Rubico Inc. (NASDAQ:RUBI) (the "Company" or "Rubico"), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that after taking into account the