Rubico Inc. has announced a 1-for-30 reverse stock split of its common shares, effective December 2, 2025, on the Nasdaq Capital Market under the symbol “RUBI.” This move will convert every 30 common shares into 1 share without change in value or total shares authorized. The purpose is to increase the market price of the Company’s common stock and maintain compliance with Nasdaq’s listing requirements. Shareholders need not take any action, and fractional shares will be cashed out at the closing price on December 1, 2025. The Company owns two modern, fuel-efficient Suezmax tankers and trades under the symbol “RUBI” on Nasdaq.

Read more at GlobeNewswire: Rubico Inc. Announces Reverse Stock Split