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Rubico (RUBI) SEC Filings, Jul-Sep 2026

RUBI NASDAQ

The Rubico Inc. (RUBI) SEC filings page on Stock Titan provides access to the company’s regulatory reports as a foreign private issuer, along with AI‑generated explanations of key documents. Rubico files annual reports on Form 20‑F and current reports on Form 6‑K with the U.S. Securities and Exchange Commission, covering its operations as an international owner and operator of modern, fuel efficient ECO Suezmax tankers.

Recent Form 6‑K filings include public offering disclosures that describe the terms of Rubico’s registered unit offerings of common shares and warrants under effective Form F‑1 registration statements. These filings set out warrant exercisability, reset price mechanics, zero cash exercise options, exercise limitations, and the potential number of additional common shares issuable upon exercise. Rubico has also used Form 6‑K to update the market on the number of common shares issued and outstanding after offerings and warrant exercises.

Other 6‑K reports incorporate press releases on fleet refinancing, time charter extensions, and contracted revenue backlog for the company’s two 157,000 dwt Suezmax tankers, as well as details of sale and leaseback financing agreements with a major Chinese financier, bareboat charter back terms, purchase obligations, and financial covenants such as leverage ratio limits and minimum liquid funds requirements.

Rubico’s filings further include governance and financial reporting materials, such as proxy materials for its annual meeting of shareholders and management’s discussion and analysis with unaudited interim condensed combined carve‑out financial statements. Extensive risk factor discussions address charter rate volatility, customer relationships, regulatory changes, stock price fluctuations, small‑capitalization trading dynamics, and potential Nasdaq listing concerns.

On Stock Titan, users can review these Rubico filings as they are made available through EDGAR and rely on AI‑powered summaries to highlight important terms, capital structure changes, risk disclosures, and vessel financing details, helping to interpret lengthy documents like 20‑F annual reports and multi‑section 6‑K updates.

Rhea-AI Summary

Rubico Inc. (RUBI) filed a prospectus supplement covering the offering of up to 50,000,000 common shares, updating its existing Form F-1 registration statement. The supplement incorporates a Form 6-K that announces a transition from semi-annual to quarterly earnings reporting, starting with results for the third quarter and nine months ended September 30, 2026.

Each quarterly earnings release will include unaudited condensed financial statements and selected operating data but no accompanying notes. Rubico, a Marshall Islands–incorporated owner and operator of Suezmax and MR tankers and a megayacht newbuilding it intends to divest, will continue to furnish semi-annual interim statements and file audited annual financial statements on Form 20-F.

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Rubico Inc. (RUBI), a Marshall Islands–incorporated shipowner based in Athens, will shift from semi-annual to quarterly earnings reporting, starting with results for the third quarter and nine months ended September 30, 2026, expected to be released in the fourth quarter of 2026. Each quarterly release will provide unaudited condensed statements of operations, balance sheet and summarized cash flows, plus selected operating data, but will not include notes. As a foreign private issuer, Rubico will continue furnishing unaudited interim condensed consolidated financial statements with notes on a semi-annual basis and filing audited annual consolidated financials on Form 20-F. Rubico operates two 157,000 dwt Suezmax tankers, owns two 47,499 dwt MR tanker newbuildings for 2029 delivery and a 60-meter megayacht newbuilding scheduled for second quarter 2027, which it intends to divest, and has agreed to acquire a shipowning company with one 47,499 dwt MR tanker newbuilding due in second quarter 2029.

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Rubico Inc. (RUBI) has a prospectus supplement covering up to 50,000,000 common shares under its Form F-1 registration, updating the document with new information from a September 2026 Form 6-K. The update centers on a newly declared stock dividend and related warrant adjustments.

The board has declared a stock dividend of 0.50 common shares for each common share outstanding, with shareholders of record on September 28, 2026 to receive the additional shares on or about October 5, 2026. No fractional shares will be issued; fractions will be settled in cash at the Nasdaq Capital Market closing price on the Record Date. Under the terms of Rubico’s outstanding warrants, the stock dividend will reduce warrant exercise prices by 33.33% and increase the number of shares issuable on exercise by 50%. Rubico also highlights its current fleet of two Suezmax tankers, contracted MR tanker newbuildings and a megayacht it intends to divest.

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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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Rubico Inc. updated its prospectus covering up to 50,000,000 common shares and incorporated several recent Form 6-K reports. It also entered an at-the-market program allowing sales of up to $25 million of common shares through B. Riley Securities.

Rubico agreed to acquire all shares of an SPV owning a shipbuilding contract for a 47,499 dwt chemical/product tanker for approximately $6.5 million, with a previously paid $0.3 million advance credited at closing by September 30, 2026. The underlying vessel has a seven-year time charter plus four optional years, creating potential gross revenue of about $75.4 million. Sale-and-leaseback financing will cover 85% of the $45.2 million pre-delivery installments at Term SOFR + 1.80%, followed by quarterly payments of $0.5 million over 10 years and an $18.2 million balloon. Management states that this third MR tanker lifts potential gross revenue backlog for newbuildings to about $226.3 million and total contracted backlog, including the operating fleet, to roughly $379.2 million, a 24% increase.

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Rubico Inc. reported financial results for the six months ended June 30, 2026, showing a net loss of $1.1 million on revenues of $9.7 million, with net cash provided by operating activities of $4.1 million. As of June 30, 2026, the company held $11.6 million in cash and cash equivalents (including restricted cash), $149.8 million in total assets and $50.5 million in stockholders’ equity.

Management highlighted that drydockings of both operating Suezmax tankers in the first half of 2026 reduced results by $4.6 million, including $2.6 million of drydocking costs, $1.5 million of foregone revenue from off-hire days and $0.5 million of bunker consumption during those off-hire days. Rubico currently owns two eco 157,000 dwt Suezmax tankers, two 47,499 dwt MR newbuilding tankers 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 it intends to divest.

The company has also entered into a share purchase agreement to acquire a shipowning company that owns a high-specification 47,499 dwt MR newbuilding tanker scheduled for delivery in the second quarter of 2029, with closing expected by September 30, 2026, further expanding its modern, fuel-efficient tanker platform.

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Rubico Inc. reported weaker results for the six months ended June 30, 2026 as both Suezmax tankers underwent drydock. Revenues fell to $9,674 thousand from $11,970 thousand, while operating income dropped to $935 thousand from $6,744 thousand, leading to a net loss of $1,092 thousand versus prior-year net income of $3,976 thousand. EBITDA decreased to $3,024 thousand from $8,833 thousand.

Cash and cash equivalents rose to $10,660 thousand with a working capital surplus of $1,603 thousand, against total indebtedness of about $87,138 thousand. Rubico is executing a capital-intensive expansion, adding three 47,499 dwt MR product/chemical tankers for delivery in 2029, each backed by long-term time charters at $18,750 per day and lease financing covering up to 85% of contract prices. The company also acquired a megayacht newbuilding it intends to divest and put in place equity funding tools, including a now-terminated equity line and a new $25 million at-the-market offering, while stating it expects to meet obligations over the 12 months following June 30, 2026.

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Rubico Inc., a foreign private issuer, entered into an ATM Sales Agreement on August 5, 2026 with B. Riley Securities, Inc. as sales agent. The agreement permits Rubico to issue and sell, from time to time, through or to the sales agent, up to $25 million of its common shares, par value $0.01 per share.

A legal opinion from Watson Farley & Williams LLP relating to the common shares accompanies the agreement. The information is incorporated by reference into Rubico’s existing registration statement on Form F-3 (File No. 333-297207), supporting potential future issuances under that shelf.

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Rubico Inc. plans an at-the-market equity program to sell up to $25,000,000 of common shares, including attached preferred share purchase rights, under a Sales Agreement with B. Riley Securities as sales agent or principal. Sales will be made from time to time as “at the market offerings” on Nasdaq, where Rubico’s shares trade under the symbol RUBI; B. Riley will receive a 3.0% commission on gross proceeds.

Assuming all shares are sold at $2.32, up to 10,775,861 new shares could be issued, for a total of up to 12,567,267 shares outstanding. Net proceeds are earmarked for general corporate purposes, including working capital, debt repayment, funding newbuilding vessel construction and potential vessel acquisitions aligned with Rubico’s tanker-focused shipping strategy.

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Rubico Inc. agreed to acquire all shares of a special-purpose vessel company from related party Top Ships Inc. for approximately $6.5 million, giving it a 47,499 dwt chemical/product MR tanker scheduled for delivery in the second quarter of 2029. An advance of $0.3 million will be credited at closing, expected by September 30, 2026, and the company may settle any unpaid portion in newly issued Series G preferred shares. Equity raised before closing is subject to a 100% net-proceeds cash sweep toward the purchase price, unless waived by the seller.

The SPV’s shipbuilding contract totals $45.2 million, with 85% of pre-delivery installments financed via a sale-and-leaseback at Term SOFR plus 1.80%. After delivery, Rubico will pay quarterly installments of $0.5 million over 10 years, plus an $18.2 million balloon. The tanker is fixed on a time charter with a major oil trader for seven years plus four optional years, providing about $75.4 million of potential gross revenue backlog. Management states this increases potential gross revenue backlog for three newbuilding MR tankers to $226.3 million, and including the operating fleet to approximately $379.2 million, a 24% increase, following approval by an independent board committee that obtained a fairness opinion.

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FAQ

How many Rubico (RUBI) SEC filings are available on StockTitan?

StockTitan tracks 114 SEC filings for Rubico (RUBI), including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and Form 4 insider trading disclosures. Each filing includes AI-generated summaries, impact scoring, and sentiment analysis.

When was the most recent SEC filing for Rubico (RUBI)?

The most recent SEC filing for Rubico (RUBI) was filed on September 21, 2026.