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Rubico Inc. ( (RUBI) ) has provided an update.
On February 10, 2026, Rubico Inc. announced that its board approved a 1-for-7.8 reverse stock split of its common shares, effective at the opening of trading on February 12, 2026, on the Nasdaq Capital Market under the existing ticker RUBI. The transaction will consolidate every 7.8 issued and outstanding common shares into one share, leaving the company’s authorized share capital and par value unchanged.
Following the reverse split, Rubico’s outstanding common shares will be reduced from 3,979,412 to approximately 510,180, with shareholders receiving cash in lieu of any fractional shares based on the stock’s February 11, 2026 closing price. The company said the move is intended to lift its share price and help maintain compliance with Nasdaq’s continued listing requirements, without altering shareholders’ proportional ownership, market capitalization, or voting rights apart from minor effects from fractional share cancellations.
More about Rubico Inc.
Rubico Inc. is a global provider of shipping transportation services specializing in the ownership and operation of two modern, fuel-efficient 157,000 dwt eco Suezmax tankers. Incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece, the company’s common shares trade on the Nasdaq Capital Market under the symbol RUBI.
Average Trading Volume: 1,239,135
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.31M
See more data about RUBI stock on TipRanks’ Stock Analysis page.