Rubico prices $5 million public offering at $0.95 per unit

Rubico Inc. (NASDAQ: RUBI) announced the pricing of its public offering of 5,263,160 units at $0.95 per unit, expected to generate approximately $5.0 million in gross proceeds before fees and expenses.

Each unit consists of one share of common stock and 1.5 Class C Warrants to purchase additional shares. The warrants are immediately exercisable at $0.95 per share and expire five years after issuance.

The Athens, Greece-based shipping company expects the offering to close on or about May 21, 2026, subject to customary closing conditions. Maxim Group LLC serves as the sole placement agent for the transaction.

A registration statement on Form F-1 became effective with the Securities and Exchange Commission on May 20, 2026. The company operates as a global provider of shipping transportation services, owning two Suezmax tankers with 157,000 deadweight tonnage capacity.

Rubico is incorporated in the Marshall Islands with executive offices in Athens. The company's common stock trades on the Nasdaq Capital Market under the ticker RUBI.

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