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TOP Ships Inc. Drops 4.24%: Suezmax Spin-Off Impact
Friday, Jun 6, 2025 6:00 am ET1min read
Top Ships Inc. fell 4.24% in premarket trading, with the company announcing an ex-distribution date for the planned spin-off of two of its Suezmax tanker vessels. The spin-off will result in the creation of Rubico Inc., an independent publicly-traded company listed on the Nasdaq Capital Market.
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