Rubico Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $1.7M
- Price
- $0.6162
- % Change (Daily % change from the live per-ticker quote feed.)
- -5.79%
- Volume
- 704.7K
About
Rubico, Inc. (Greece) operates and manages shipping tankers. It is an international owner and operator of two tankers each focusing on the transportation of crude oil. The company was founded on August 11, 2022 and is headquartered in Athens, Greece.
Quick stats
Shares outstanding2.7M
Computed float2.6M
Float / shares96.0%
Key info
SectorIndustrials
IndustryMarine Shipping
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001943421
Websitehttps://rubicoinc.com
AI Summary
AI-generated1/15
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Rubico Announces Closing of the Acquisition of Additional Newbuilding MR Tanker
Rubico closed its previously announced acquisition from related party Top Ships of an SPV holding a newbuilding 47,499 dwt MR tanker contract at Guangzhou Shipyard, with delivery expected in Q2 2029.
The vessel is fixed on a seven-year time charter with a major oil trader from delivery, with four optional extension years, lifting total potential gross revenue backlog to approximately $374.6 million including the operating fleet.
Shipbuilding installments are 85% financed, and the company also completed a 0.50-share stock dividend, with shares trading ex-dividend as of October 6.
Red flags
- acquisition is a related-party transaction with Top Ships Inc.
- vessel delivery not until Q2 2029; backlog figures assume exercise of charterer extension options
- megayacht newbuilding held for divestiture