NASDAQ:RUBI 5 November 2025 - 3 December 2025

Rubico Inc. closed an $84 million sale-and-leaseback refinancing for its two Suezmax tankers, unlocking $10.4 million in cash. Shares fell 13.9% to $0.1999 Wednesday, near all-time lows, following a steep drop after a $7.5 million public offering earlier this month. Trading volume topped 95 million shares. Market capitalization now stands at about $0.6–0.7 million.

Rubico Inc. (Nasdaq: RUBI) closed a $7.5 million underwritten unit offering on Nov. 6 and disclosed final terms in a Form 6-K filed Friday, including a partial over-allotment of 1,847,290 warrants. RUBI shares traded sharply higher with heavy volume intraday after the filing. The company warned of potential Nasdaq delisting risk due to the offering’s dilution mechanics and warrant reset provisions. Post-offering, 17.6 million shares are outstanding.

Rubico Inc. shares plunged 55% to $0.29 on Nov. 5, 2025, after announcing a $7.5 million dilutive offering, leaving its market cap below $2 million. The Greek tanker spin-off operates two Suezmax crude oil vessels on long-term charters but faces high debt and low liquidity. Retail traders remain bullish despite a 90% drop from its August debut. No institutional ownership or analyst coverage reported.