$RUBI News

RUBI announces $8.5M registered direct: $9.44M senior convertibles + 25.9M warrants, 1st close ~Oct 19

Rubico entered a registered direct with one institutional investor to sell senior convertible notes with $9,444,444 face amount (10% OID) and attached warrants, receiving $8.5M gross proceeds at the expected first-tranche closing on or about Oct 19, 2026; the notes bear 8% cash interest (10% if paid in shares), convert at a Fixed Conversion Price of $0.3646, and include an alternate holder conversion tied to VWAP with a $0.10 floor. The warrants are immediately exercisable for 25,903,577 common shares at $0.3646 (5-year term) and the company will issue Commitment Shares equal to 5% of note face value at each tranche (1,295,179 expected at the first tranche); a second tranche (additional $5,555,556 principal for $5.0M gross) is available subject to conditions; Maxim Group is sole placement agent. Timing: The press release does not indicate dilution today. Earliest dilution: date unknown.

Rubico closes purchase of SPV for additional MR newbuilding; 7-year charter secured

Rubico closed its acquisition of an SPV that holds a shipbuilding contract for a 47,499 dwt MR tanker scheduled for delivery in Q2 2029 and has secured a 7-year firm time charter with a major oil trader (plus a 4-year extension option) starting at delivery. This is Rubico’s third MR newbuilding, increasing its newbuild gross revenue backlog to ~$226.3M (and total potential backlog to ~$374.6M including operating fleet and extensions); the company says ~85% of shipbuilding installments are financed and it completed a 0.50 share stock dividend (shares trading ex-dividend today).

Rubico (RUBI) sets Sept 28 record date and Oct 6 ex-div for 0.50-share stock dividend

Rubico announced Nasdaq set the ex-dividend date for its previously announced stock dividend of 0.50 common shares per share: record date Sept 28, 2026, distribution on/about Oct 5, 2026, and ex-div date Oct 6, 2026. No fractional shares will be issued (cash paid for fractions based on the Sept 28 closing price) and Nasdaq will apply due-bill trading from Sept 28 through the distribution date, so buyers during that period may receive the dividend even if trades settle later.

Rubico to switch from semi-annual to quarterly financial reporting starting with Q3 2026

RUBI filed SEC Form 6-K. (RUBI) will transition from semi-annual to quarterly public earnings releases beginning with results for the third quarter and nine months ended September 30, 2026, which it expects to release in Q4 2026. Quarterly releases will include unaudited condensed statements (quarter and year-to-date statement of operations, balance sheet, summarized cash flows) and selected operating/operational updates but will not include accompanying notes; as a foreign private issuer the company will continue to furnish interim condensed consolidated financial statements with notes to the SEC on a semi-annual basis and file audited annual financials on Form 20-F.

Rubico Announces Stock Dividend of 0.50 Common Shares for Each Outstanding Common Share with a Record Date of September 28, 2026

Rubico to buy SPV for third MR tanker; adds ~$75.4M contracted revenue and lifts backlog to ~$379.2M

RUBI filed SEC Form 6-K. The SPV purchase price is approximately $6.5 million payable at closing (LOI advance $0.3M credited); the underlying shipbuilding contract totals $45.2 million ( $6.8M paid) and the SPV has a sale-and-leaseback financing covering 85% of installments (Term SOFR + 1.80%) with post-delivery quarterly payments of $0.5M for 10 years and an $18.2M balloon, closing expected by Sept 30, 2026; the seller is related party Top Ships Inc. and the deal was approved by a special committee with a fairness opinion.

Rubico to buy SPV owning 3rd MR newbuilding; backlog rises ~24% to $379M

Rubico agreed to acquire a Top Ships-controlled SPV that owns a 47,499 dwt MR newbuilding due Q2 2029; the vessel is fixed on a 7-year time charter to a major oil trader (charterer option for 4 more years) and adds ~$75.4M of potential gross revenue, lifting Rubico’s total potential gross revenue backlog (including optional years and operating fleet) to ~ $379.2M. The SPV purchase price is ~ $6.5M with closing expected by Sept 30, 2026; financing includes an 85% sale-and-leaseback of shipbuilding installments (repayment: $0.5M quarterly for 10 years plus an $18.2M balloon) at Term SOFR + 1.80%, and Rubico/Top Ships will provide corporate guarantees.

Rubico signs LOI to buy SPV for newbuilding MR tanker on 7‐yr Trafigura charter

Rubico entered a non-binding letter of intent to acquire a shipowning SPV from a related party (controlled by Rubico’s controlling shareholder) that is building a high-spec MR chemical/product tanker due Q2 2029. The SPV already has a minimum 7‐year time charter to Trafigura at $18,750/day and an 85% lease financing package; Rubico will pay a refundable $0.3M advance and has exclusivity for due diligence through July 31, 2026, but any acquisition requires independent board approval and is not guaranteed.

Rubico terminates $30M B. Riley equity line after selling ~$27.1M

Rubico (RUBI) said it terminated the common stock purchase agreement with B. Riley Principal Capital II that allowed up to $30.0M of share sales; the company sold approximately $27.1M under the facility before termination. The move removes the company's ability to draw further funds under that equity line (leaving roughly $2.9M of unused capacity) and means Rubico will need other financing channels if it wants to sell additional shares going forward.

Trillium Trading files Schedule 13G/A for Rubico showing 0 shares (0.0%)

E COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1 ) Rubico Inc. filed SEC Form SCHEDULE 13G/A. Trillium Trading, LLC filed Amendment No. 1 to a Schedule 13G for Rubico Inc. Class A Ordinary Shares (CUSIP Y1250N123) reporting beneficial ownership of 0 shares (0.0%) with an event date of 06/11/2026. The filing (signed by Compliance Officer Louis Capone on 06/12/2026) states the filer has no voting or dispositive power over any shares and is not seeking to influence control of the issuer.

Trillium Trading reports 5.4% stake in Rubico (175,000 Class A shares)

URITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 Rubico Inc. filed SEC Form SCHEDULE 13G. (CUSIP Y1250N123), representing 5.4% of the class (event date 06/10/2026; filing signed 06/11/2026). The filing reports sole voting and dispositive power over all 175,000 shares and certifies the position was not acquired to change or influence control (passive investor statement under Rule 13d-1(b)).