Rubico Inc. (Nasdaq: RUBI) plans megayacht divestment to refocus on tankers

Rhea-AI Filing Summary

Rubico Inc. plans to exit the megayacht sector by divesting its 60‑meter, 1,150‑ton newbuilding Megayacht or the entity holding its shipbuilding contract. Based on independent market estimates, management believes a sale could generate estimated gross cash proceeds of €30 to €35 million (about $34.2 to $40 million).

The transaction would also remove a €26.5 million ($30.2 million) capital commitment payable before the Megayacht’s scheduled delivery in the second quarter of 2027 and allow capital to be redeployed toward Rubico’s core tanker business, although completion, terms, timing and ultimate use of proceeds remain uncertain. Rubico currently owns two 157,000 dwt Suezmax tankers and a 47,499 dwt MR tanker newbuilding due in the fourth quarter of 2029.

Key Figures

Estimated sale proceeds range: €30 to €35 million Capital commitment eliminated: €26.5 million Megayacht length: 60 meters +4 more

7 metrics

Estimated sale proceeds range €30 to €35 million Estimated gross cash proceeds from a potential Megayacht divestment based on independent market estimates.

Capital commitment eliminated €26.5 million Capital commitment payable prior to delivery of the Megayacht that would be removed by a sale.

Megayacht length 60 meters Length of the newbuilding Megayacht scheduled for delivery in the second quarter of 2027.

Megayacht gross tonnage 1,150 tons Gross tonnage of the Megayacht newbuilding that Rubico plans to divest.

Exchange rate used €1.00 = $1.14 Conversion rate applied to translate euro amounts into U.S. dollars as of July 14, 2026.

Suezmax tankers owned 2 vessels Number of 157,000 dwt Suezmax tankers Rubico owns and operates.

MR tanker newbuilding dwt 47,499 dwt Deadweight tonnage of Rubico’s MR tanker newbuilding due in the fourth quarter of 2029.

Key Terms

Megayacht, Suezmax tankers, MR tanker, gross tonnage, +2 more

6 terms

Megayacht technical

"decided to divest its interest in its newbuilding megayacht currently under construction"

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.

MR tanker technical

"owns one 47,499 dwt MR tanker newbuilding scheduled for delivery"

gross tonnage technical

"has a length of 60 meters and a gross tonnage of 1,150 tons"

Gross tonnage is a measurement of a ship’s overall size, representing the total volume of its enclosed spaces. It is calculated based on the internal capacity, similar to measuring the total rooms inside a building. This figure helps assess the ship’s size and capacity, which can influence its operating costs, safety standards, and the fees it pays for port services.

capital commitment financial

"sale would eliminate a capital commitment of €26.5 million"

A capital commitment is a promise by an investor or company to provide a set amount of money to a fund, project, or financing arrangement when called upon. Like agreeing to chip in for a group renovation in stages, it matters to investors because it signals future cash needs and obligations, affects a business’s available cash and borrowing capacity, and helps predict how and when projects or investments will be funded.

forward-looking statements regulatory

"Matters discussed in this press release may constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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FAQ

What strategic move did Rubico Inc. (RUBI) announce regarding its megayacht project?

Rubico Inc. decided to exit the megayacht sector by pursuing a divestment of its 60‑meter newbuilding Megayacht or the entity holding its shipbuilding contract, aiming to release capital for its core tanker business.

How much does Rubico Inc. (RUBI) expect to receive from a megayacht sale?

Rubico believes a sale of the Megayacht could generate estimated gross cash proceeds of €30 to €35 million (about $34.2 to $40 million), based on independent market estimates for comparable newbuilds, though actual proceeds may differ materially.

What capital commitment would a megayacht divestment remove for Rubico Inc. (RUBI)?

A successful divestment would eliminate a €26.5 million ($30.2 million) capital commitment payable before the Megayacht’s scheduled delivery in the second quarter of 2027, reducing future funding obligations linked to the project.

When is Rubico Inc.’s (RUBI) megayacht scheduled for delivery if not sold?

The Megayacht, measuring 60 meters with 1,150 tons gross tonnage, is scheduled for delivery in the second quarter of 2027, according to the company’s disclosed construction timetable for the vessel.

What vessels currently make up Rubico Inc. (RUBI)’s core fleet?

Rubico is an international owner and operator of two eco 157,000 dwt Suezmax tankers and owns a 47,499 dwt MR tanker newbuilding scheduled for delivery in the fourth quarter of 2029, alongside the Megayacht it intends to divest.

Is Rubico Inc. (RUBI) committed to redeploying megayacht sale proceeds into tankers?

Rubico states it intends to redeploy capital toward its core tanker business, but has not identified a specific use of proceeds and notes there is no assurance that net proceeds will be redeployed in the tanker sector.

What exchange rate does Rubico Inc. (RUBI) use for euro to U.S. dollar amounts?

Rubico converts figures using an exchange rate of €1.00 = $1.14 as of July 14, 2026, noting that U.S. dollar amounts are provided for convenience and actual realized amounts may differ.

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 July 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 July 15, 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 July 15, 2026.

The information contained in this Report, except for the commentary of Kalliopi Ornithopoulou contained in Exhibit 99.1, 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: July 15, 2026		/s/ Nikolaos Papastratis
		Nikolaos Papastratis
		Chief Financial Officer

EXHIBIT 99.1

Rubico Announces Its Decision to Exit the Megayacht Sector and Redeploy Capital towards its Core Tanker Business

ATHENS, Greece, July 15, 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 it has decided to divest its interest in its newbuilding megayacht currently under construction (the “Megayacht”) and to exit the megayacht sector. The Company intends to pursue a sale of the Megayacht, or of the entity that is party to the shipbuilding contract, with the objective of releasing capital for redeployment towards its core tanker business.

The Company believes that focusing on its core tanker business represents the most effective use of its capital and management resources. A divestment of the Megayacht would allow the Company to redeploy capital toward its core business, reduce its future capital commitments, and further simplify its asset base.

The Megayacht has a length of 60 meters and a gross tonnage of 1,150 tons and is scheduled for delivery in the second quarter of 2027. Based on independent market estimates obtained by the Company, for comparable newbuilding megayachts of this size, the Company believes that a sale could generate estimated gross cash proceeds in the range of €30 to €35 million (about $34.2 to $40 million). Further, the sale would eliminate a capital commitment of €26.5 million ($30.2 million) payable prior to delivery of the Megayacht.

There can be no assurance that a divestment will be completed, or as to its timing, structure, terms or the proceeds ultimately realized. The Company has not identified a specific use of proceeds of the sale of the Megayacht and there can be no assurance that the Company will redeploy the net proceeds in the tanker sector. Any transaction would be subject to the negotiation and execution of definitive agreements, the consent of relevant counterparties and financiers, and customary conditions. The estimated valuations set forth above are based on third-party market data and management assumptions and may differ materially from amounts ultimately realized. U.S. dollar amounts in this release are provided for convenience only and are translated at an exchange rate of €1.00 = $1.14 as of July 14, 2026; actual amounts realized may differ.

Kalliopi Ornithopoulou, the Company’s President, Chairwoman & Chief Executive Officer, stated:

“Our decision to exit the megayacht sector reflects our intention to redeploy capital towards our core tanker business. We believe a divestment at current market levels would result in a meaningful equity release, multiple to the Company’s current market cap, while at the same time eliminating a significant  capital commitment.”

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 one 47,499 dwt MR tanker newbuilding scheduled for delivery in the fourth quarter of 2029 and a 60 meter newbuilding megayacht scheduled for delivery in the second quarter of 2027, which the Company intends to divest as described above.

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 intended divestment of the Company’s megayacht, the estimated market value of such megayacht, the estimated proceeds and potential equity release that may be realized in connection with a divestment, and the redeployment of capital.

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

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Press Releases

• EX-99.1 PRESS RELEASE 7.1 KB