Rubico Announces Commencement of Trading on the Nasdaq Capital Market

Rhea-AI Summary

Rubico (NASDAQ:RUBI) has successfully completed its spin-off from Tops Ships Inc. as of August 1, 2025. The company's shares began trading on the Nasdaq Capital Market on August 4, 2025, under the ticker symbol "RUBI".

Investors can access detailed information about Rubico and the spin-off transaction through the company's Form 20-F registration statement, available on the SEC website and Rubico's investor relations page.

Positive

• Successful listing on Nasdaq Capital Market provides increased visibility and access to capital markets
• Independence from parent company through completed spin-off allows for focused business strategy

Negative

• Limited financial and operational information available as newly listed company
• Potential initial stock price volatility common with new listings

News Market Reaction

+21.76% 7.3x vol

71 alerts

+21.76% News Effect

+17.8% Peak Tracked

-52.7% Trough Tracked

7.3x Rel. Volume

On the day this news was published, RUBI gained 21.76%, reflecting a significant positive market reaction. Argus tracked a peak move of +17.8% during that session. Argus tracked a trough of -52.7% from its starting point during tracking. Our momentum scanner triggered 71 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 7.3x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

ATHENS, Greece, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Rubico Inc. (the “Company” or “Rubico”) (Nasdaq: RUBI) announced today that it has completed its spin-off from Tops Ships Inc. effective August 1, 2025. The Company’s shares have commenced trading as of today, August 4, 2025, on the Nasdaq Capital Market under the ticker symbol “RUBI”.

Additional information about Rubico and the spin-off transaction can be found in the Rubico registration statement filed pursuant to the Securities Exchange Act of 1934 on Form 20-F, which is available at www.sec.gov or at https://rubicoinc.com/ under Investors/SEC Filings.

About the Company

Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. The Company is an international owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers.

The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Athens, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “RUBI”.
Please visit the Company’s website at: https://rubicoinc.com/

For further information please contact:
Nikolaos Papastratis
Chief Financial Officer
Rubico Inc.
Tel: +30 210 812 8107
Email: npapastratis@rubicoinc.com

FAQ

When did Rubico (NASDAQ:RUBI) start trading on the Nasdaq Capital Market?

Rubico (NASDAQ:RUBI) began trading on the Nasdaq Capital Market on August 4, 2025.

When was Rubico's spin-off from Tops Ships completed?

Rubico's spin-off from Tops Ships Inc. was completed on August 1, 2025.

What is Rubico's stock symbol on Nasdaq?

Rubico trades on the Nasdaq Capital Market under the ticker symbol RUBI.

Where can investors find more information about Rubico's spin-off?

Investors can find detailed information about the spin-off in Rubico's Form 20-F registration statement available on www.sec.gov or the company's website under Investors/SEC Filings.

What type of exchange is Rubico listed on?

Rubico is listed on the Nasdaq Capital Market, which is designed for early-stage and developing companies.