Large Rubico (RUBI) share issuance lifts outstanding count to 4.06M

Rhea-AI Filing Summary

Rubico Inc. reported that on February 19, 2026 it sold 3,492,273 common shares, each with par value $0.01, under its existing Equity Line of Credit with B. Riley Principal Capital II, LLC. This is a sizable new share issuance for the company.

As a result of this transaction, the number of Rubico’s common shares issued and outstanding is expected to rise from 567,651 to 4,059,924 as of February 20, 2026. This large increase in share count meaningfully dilutes existing shareholders but also reflects the company’s use of its equity financing facility.

Positive

• None.

Negative

• Rubico’s common shares outstanding are expected to rise from 567,651 to 4,059,924 as of February 20, 2026, indicating a very large dilution of existing shareholders through equity issuance under its credit line.

Insights

Equity Capital Markets Analyst

Rubico tapped its equity line for a very large share issuance, sharply increasing shares outstanding.

Rubico Inc. issued 3,492,273 new common shares on February 19, 2026 under its Equity Line of Credit with B. Riley Principal Capital II, LLC. This type of facility allows a company to raise cash periodically by issuing shares to a committed investor.

Following this draw, common shares outstanding are expected to move from 567,651 to 4,059,924 as of February 20, 2026. The increase in share count is large relative to the prior base, which is typically viewed as materially dilutive for existing holders, even though it can strengthen the company’s capital position.

The net impact depends on how effectively Rubico deploys the capital raised through this equity line over time. Subsequent company disclosures may clarify the cash proceeds realized, the pricing of the shares sold, and how this financing aligns with Rubico’s operating and growth plans.

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 February 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 ☒ Form 40-F ☐

On February 19, 2026, we sold 3,492,273 shares of our common stock, par value $0.01 per share (the “Common Shares”), pursuant to our Equity Line of Credit with B. Riley Principal Capital II, LLC. As of February 20, 2026, the number of Common Shares issued and outstanding will increase from 567,651 Common Shares to 4,059,924 Common Shares.

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: February 19, 2026		/s/ Nikolaos Papastratis
		Nikolaos Papastratis
		Chief Financial Officer

FAQ

What did Rubico Inc. (RUBI) disclose in its February 2026 Form 6-K?

Rubico Inc. disclosed that it issued 3,492,273 new common shares on February 19, 2026 under its Equity Line of Credit with B. Riley Principal Capital II, LLC, significantly increasing its total outstanding share count.

How many new shares did Rubico Inc. (RUBI) issue under its equity line?

Rubico issued 3,492,273 common shares on February 19, 2026. These shares were sold pursuant to its existing Equity Line of Credit with B. Riley Principal Capital II, LLC, representing a substantial equity financing transaction for the company.

How did Rubico Inc.’s (RUBI) outstanding share count change after the transaction?

Rubico’s common shares outstanding are expected to increase from 567,651 to 4,059,924 as of February 20, 2026. This reflects the impact of issuing 3,492,273 new shares under its Equity Line of Credit arrangement.

What financing arrangement did Rubico Inc. (RUBI) use to issue new shares?

Rubico used its Equity Line of Credit with B. Riley Principal Capital II, LLC to sell 3,492,273 common shares. An equity line allows the company to periodically issue shares to that investor in exchange for capital.

Why is Rubico Inc.’s (RUBI) February 2026 share issuance important for investors?

The issuance is important because it substantially increases Rubico’s outstanding shares from 567,651 to 4,059,924. A change of this magnitude typically affects ownership percentages and can influence earnings per share and valuation dynamics.