Rubico Shares Soar 34.12% Post Spin-off

Rubico's shares surged by 34.12% in pre-market trading on August 5, 2025, marking a significant milestone as the company began its journey as an independent entity on the Nasdaq Capital Market.

Rubico Inc. has successfully completed its spin-off from Tops Ships Inc., effective August 1, 2025. This move allows Rubico to operate independently, focusing on its core business of providing global shipping transportation services. The company specializes in the ownership and operation of modern, fuel-efficient Suezmax tankers, including the M/T Eco Malibu and M/T Eco West Coast, both equipped with scrubbers to enhance environmental sustainability.

The spin-off involved the distribution of Rubico's common shares to Tops Ships Inc. securityholders, with trading commencing on the Nasdaq Capital Market under the ticker symbol "RUBI" on August 4, 2025. This strategic move is expected to provide Rubico with greater operational flexibility and the ability to pursue growth opportunities more effectively.