Rubico and tops Are both going to be tradable

The deep research logic is organized as follows: 

Okay, let's tackle this question. The user is asking if both Rubico and TOPS are going to be tradable. From the references provided, I need to gather the latest information about their trading statuses.

First, looking at the references, there's a lot about TOP Ships spinning off Rubico. The key dates mentioned are the distribution expected in July 2025, with the ex-distribution date on June 16, 2025. The spin-off involves two tankers, and Rubico's shares will trade under "RUBI" on Nasdaq. However, the user is asking about the current date, which is July 22, 2025.

Checking the queries in the references, there's a query for Rubico's trading start date after July 22, 2025, but the result is 0. Similarly, the query for the distribution date confirmation on July 22 also has 0 results. The latest data from the user's query on July 22 shows TOPS.A trading at $5.9 with a -4.07% change, but no info on Rubico's trading yet.

The user is interested in EVs but also looking at this spin-off. They prefer technical analysis and short-term gains. So, I need to explain the current status and potential trading opportunities. Since the distribution was expected in July, but as of July 22, there's no confirmation of Rubico's listing. TOPS is still trading, but Rubico's start date is pending.

I should structure the answer to confirm that TOPS is tradable, but Rubico's trading hasn't started yet. Mention the expected timeline and the risks involved, like delays or market reactions. Also, highlight the strategic move for TOPS and how it might affect their stock. Make sure to use the data from the references and the user's profile to tailor the advice towards their interests in technical trading and short-term gains.

**Conclusion** 🚨
As of **July 22, 2025**, **TOP Ships (TOPS)** is currently tradable on the NYSE American, while **Rubico Inc. (RUBI)** has not yet commenced trading on the Nasdaq Capital Market. The spin-off process is still pending final distribution details, with no confirmed trading start date for Rubico as of this date . Below is a detailed analysis of the current status and implications for investors.

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### 📊 **Current Trading Status**
| Company | Exchange | Tradable? | Key Details |
|---------------|-------------------|-----------|------------------------------------------------------------------------------|
| TOP Ships (TOPS) | NYSE American | Yes | Last price: **$5.9** (as of July 22, 2025) . Shares trade without Rubico entitlement post-June 16, 2025 . |
| Rubico Inc. (RUBI) | Nasdaq Capital | No | Expected to list post-distribution, but no confirmed date . |

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### 📈 **Key Developments**
1. **Spin-Off Timeline**:
- **Ex-Distribution Date**: June 16, 2025 .
- **Distribution Expected**: July 2025 .
- **Trading Start**: Post-distribution, but no confirmation as of July 22, 2025 .

2. **Rubico’s Assets**:
- Two modern Suezmax tankers: M/T Eco Malibu and M/T Eco West Coast (157,000 dwt, scrubber-fitted) .

3. **Market Impact**:
- TOP Ships’ focus shifts to core operations post-spin-off .
- Rubico’s Nasdaq listing could attract liquidity for both companies .

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### 📉 **Risks & Considerations**
- **Uncertainty in Trading Start**: No confirmed date for Rubico’s listing .
- **Market Reaction**: TOP Ships’ stock dropped **-4.07%** on July 22, 2025 , likely due to spin-off-related uncertainty.
- **Liquidity Risk**: Rubico’s shares may face low trading volumes initially .

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### 🎯 **Takeaway for Investors**
- **Hold TOPS**: Monitor price action around the spin-off completion.
- **Wait for RUBI**: No trading yet; stay updated for listing confirmation.
- **Strategy**: Focus on technical analysis for short-term gains in TOPS, given its volatility .