STOCK TITAN

Rubico declares 0.5-for-1 stock dividend

Rubico Inc. declared a 50% stock dividend effective around October 5, 2026, with associated warrant adjustments and due bill trading through the distribution date.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Rubico Inc. (RUBI) announced that its board of directors has declared a stock dividend of 0.50 common shares for each common share outstanding. The dividend will be distributed on or about October 5, 2026 to shareholders of record as of the close of business on September 28, 2026.

No fractional shares will be issued; any fractional entitlements will be settled in cash based on the closing price of Rubico’s common shares on the Nasdaq Capital Market on the Record Date. In line with the terms of Rubico’s outstanding warrants, after the Record Date the warrant exercise price will be reduced by 33.33% and the number of shares issuable upon exercise will increase by 50%.

Due bill trading is expected to apply so that buyers of Rubico shares through the Distribution Date are entitled to the stock dividend, and holders must keep their shares through and including the Distribution Date to receive it. Rubico’s common shares are expected to trade on a stock dividend-adjusted basis on or about October 6, 2026.

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Filing Explained

The September 17 Form 6-K incorporates the stock-dividend disclosure into Rubico’s Form F-3 registration statement; this filing action does not itself report that the dividend has been distributed.

Stock dividend rate 0.50 common shares per common share outstanding Declared by Rubico’s board of directors
Record Date September 28, 2026 Shareholders of record on this date are entitled to the stock dividend
Distribution Date On or about October 5, 2026 Expected date Rubico will distribute the stock dividend
Warrant exercise price adjustment 33.33% reduction Effective immediately after the Record Date for all outstanding warrants
Increase in warrant shares issuable 50% increase Number of common shares issuable upon exercise of Rubico’s warrants
Owned Suezmax tankers 2 vessels of 157,000 dwt each Current fleet of modern, fuel-efficient eco Suezmax tankers
MR tanker newbuildings on order Two 47,499 dwt MR tankers for 2029 deliveries Scheduled for delivery in the third and fourth quarters of 2029
Megayacht newbuilding length 60 meters Newbuilding megayacht scheduled for delivery in the second quarter of 2027, which Rubico intends to divest
stock dividend financial
"declared a stock dividend of 0.50 common shares for each common share"
A stock dividend is when a company gives its existing shareholders extra shares instead of cash. It’s like receiving more pieces of the same pie rather than a bigger piece of money, which can increase the number of shares you own but usually doesn’t change the total value of your investment right away. Investors care about it because it can signal the company's growth and affect the stock’s price.
Record Date financial
"to shareholders of record as of the close of business on September 28, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
Distribution Date financial
"will be distributed on or about October 5, 2026 (the “Distribution Date”)"
The distribution date is the day a company, fund, or trust actually pays out cash or other assets to its shareholders or unitholders. Think of it as the payday when owners receive dividends, interest, or capital gains distributions; it matters to investors because it determines when you get the money, can affect the security’s price that day, and has tax and cash-flow consequences.
due bill trading procedures financial
"As a result of “due bill” trading procedures expected to be established by Nasdaq"
warrants financial
"the Company’s outstanding warrants, as a result of the stock dividend"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
Suezmax tankers technical
"owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers"
Suezmax tankers are a class of crude oil ships sized to be the largest vessels that can pass through the Suez Canal when fully loaded. Think of them like the biggest truck that can still fit under a low bridge—large enough to carry a lot of oil but constrained by a key route. Investors watch them because their availability and operating costs help set shipping capacity and freight rates, which influence oil prices, energy company margins, and shipping company cash flow.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stock dividend did Rubico Inc. (RUBI) declare in September 2026?

Rubico’s board declared a stock dividend of 0.50 common shares for each common share outstanding. The dividend will be distributed on or about October 5, 2026 to shareholders of record as of September 28, 2026.

What are the Record Date and Distribution Date for RUBI’s stock dividend?

The Record Date for Rubico’s stock dividend is September 28, 2026, and the stock dividend will be distributed on or about October 5, 2026, referred to as the Distribution Date.

How will Rubico Inc. handle fractional shares from the 0.50-for-1 stock dividend?

Rubico will not issue fractional shares. Any fractional shares resulting from the 0.50-for-1 stock dividend will be paid in cash, based on the closing price of the company’s common shares on the Nasdaq Capital Market on the Record Date.

How are Rubico Inc.’s outstanding warrants affected by the stock dividend?

Immediately after the Record Date, the exercise price of all Rubico warrants will be reduced by 33.33%, and the number of common shares issuable upon exercise of the warrants will be increased by 50%, in accordance with their terms.

When will RUBI shares trade on a stock dividend-adjusted basis?

Rubico expects its common shares to begin trading on the Nasdaq Capital Market on a stock dividend-adjusted basis on or about October 6, 2026, following the Distribution Date of the stock dividend.

What does due bill trading mean for Rubico Inc. shareholders regarding the stock dividend?

Rubico expects due bill trading so that purchasers of its common shares in the market through the October 5, 2026 Distribution Date will receive the stock dividend. Holders must keep their shares through and including that date to obtain the dividend.

What vessels does Rubico Inc. (RUBI) currently own or have on order?

Rubico owns two 157,000 dwt Suezmax tankers, has two 47,499 dwt MR tanker newbuildings scheduled for delivery in 2029, a 60-meter megayacht due in 2027 that it intends to divest, and an agreement to acquire one more 47,499 dwt MR tanker newbuilding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-42684

Rubico Inc.
(Translation of registrant's name into English)

20 Iouliou Kaisara Str
19002, Paiania
Athens - Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

 

 


On September 17, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Exhibit 99.1. Press release dated September 17, 2026.

The information contained in this Report is hereby incorporated by reference into the Registrant’s registration statement on Form F-3 (File No. 333-297207).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      Rubico Inc.    
  (Registrant)
   
  
Date: September 17, 2026     /s/ Nikolaos Papastratis    
  Nikolaos Papastratis
  Chief Financial Officer
  

EXHIBIT 99.1

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

ATHENS, Greece, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that its board of directors has declared a stock dividend of 0.50 common shares for each common share outstanding. The stock dividend will be distributed on or about October 5, 2026 (the “Distribution Date”) to shareholders of record as of the close of business on September 28, 2026 (the “Record Date”). No fractional shares will be issued in connection with the stock dividend; any fractional shares resulting from the stock dividend will be paid in cash based on the closing price of the Company’s common shares on the Nasdaq Capital Market on the Record Date.

In addition, in accordance with the terms of the Company’s outstanding warrants, as a result of the stock dividend, immediately after the Record Date the exercise price of all of the Company’s warrants will be reduced by 33.33% and the number of common shares issuable upon exercise of the warrants will be increased by 50%.

As a result of “due bill” trading procedures expected to be established by Nasdaq, any purchasers of our common shares in the market through the Distribution Date for the stock dividend, expected to be October 5, 2026, will be entitled to receive the stock dividend, and holders of our common shares will need to hold their shares through and including the Distribution Date in order to receive the stock dividend.

The Company’s common shares are expected to begin trading on the Nasdaq Capital Market on a stock dividend-adjusted basis on or about October 6, 2026.

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. Furthermore, the Company owns two 47,499 dwt MR tanker newbuildings scheduled for delivery in the third and fourth quarters of 2029 and a 60-meter newbuilding megayacht scheduled for delivery in the second quarter of 2027, which the Company intends to divest. In addition, the Company has entered into a share purchase agreement to acquire a shipowning company that owns one high-specification 47,499 dwt MR tanker newbuilding scheduled for delivery in the second quarter of 2029, with closing of this share purchase agreement to occur by September 30, 2026.

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

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including statements regarding the declaration and payment of the stock dividend and the adjustment of the terms of the Company’s outstanding warrants.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Please see the Company’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

Filing Exhibits & Attachments

1 document

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