RUBICO INC.

As of June 30, 2026, Rubico reports a net asset value of $183.1 million, up 94% versus the March 2, 2026 report. That corresponds to $300.26 per common share on a current basis and $72.22 per common share on a fully diluted basis. The CEO notes the stock closed trading at a discount of around 95% to the fully diluted NAV, reflected in a price-to-book ratio of about 0.02. The NAV valuation is based on estimates from independent brokers; the fleet includes two Suezmax tankers and two MR newbuilds in the pipeline, as well as a megayacht planned for sale. » Altro su de.investing.com

Rubico has reduced the exercise price of the class-C warrants from $0.95 to $0.65. Holders agreed to subscribe for up to 7,894,740 common shares under these warrants, which is expected to yield the company approximately $4.8 million in net proceeds after estimated costs. Maxim Group will receive up to 6% of the gross proceeds under a financial advisory agreement. As an incentive, exercising holders are being offered class-D warrants in a private placement to subscribe for up to 15,789,480 common shares; these are immediately exercisable at $0.65 and expire after five years. Rubico does not intend to list the class-D warrants on an exchange. After the transaction, Rubico expects about 15,670,898 outstanding common shares, with further dilution possible from other warrants or convertible preferred shares. » Altro su de.investing.com

Rubico has approved a 1-for-10 share consolidation that becomes effective at the start of trading on April 9, 2026. Afterward, every 10 issued common shares will automatically be converted into one common share; par value and the authorized total number remain unchanged. Shareholders left with fractional shares will receive a cash payment based on the closing price on April 8, 2026. The measure aims to raise the market price to meet NASDAQ’s ongoing listing requirements; the stock is trading near its 52-week low. » Altro su de.investing.com