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Rubico Inc. ( (RUBI) ) has issued an announcement.
On December 4, 2025, Rubico Inc. announced a letter of intent for the potential acquisition of a newbuilding mega yacht, the M/Y Sanlorenzo 1150Exp, from Top Ships Inc. The yacht, expected to be delivered in the second quarter of 2027, will feature six guest cabins and accommodate 12 guests and 15 crew members. Rubico will make an advance cash payment of $4 million, which will be credited against the acquisition price or refunded if the purchase is not completed. The exclusivity period for this potential acquisition expires on March 31, 2026, during which Rubico will conduct due diligence and evaluate the transaction. A special independent committee will oversee and approve any acquisition pursuant to the letter of intent.
More about Rubico Inc.
Rubico Inc. is a global provider of shipping transportation services, specializing in the ownership of vessels. The company operates two modern, fuel-efficient, eco-friendly 157,000 dwt Suezmax tankers. Incorporated under the laws of the Republic of the Marshall Islands, Rubico Inc. has its executive offices in Athens, Greece, and its common shares are traded on the Nasdaq Capital Market under the symbol ‘RUBI’.
Average Trading Volume: 1,022,754
See more insights into RUBI stock on TipRanks’ Stock Analysis page.