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RUBI 6-K: Acquisition

Rubico Inc.

Filed with the SEC on · accession 0001171843-26-007387

RUBI filed a 6-K (foreign company report) with the SEC on Nov 12, 2026. Rubico Inc. entered into a Share Purchase Agreement with Top Ships Inc. to acquire two SPVs holding shipbuilding contracts for 47,499 dwt chemical/product oil tankers for $14.5 million, payable at closing no later than March 31, 2027.

Summary of the filing

Rubico Inc. entered into a Share Purchase Agreement with Top Ships Inc. to acquire two SPVs holding shipbuilding contracts for 47,499 dwt chemical/product oil tankers for $14.5 million, payable at closing no later than March 31, 2027. The vessels have secured seven-year time charters with a major oil trader, representing approximately $150.9 million in potential gross revenue backlog including optional years.

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Key details

Purchase price for all shares of the SPVs$14.5M
Total potential gross revenue backlog from time charter contracts including optional years$150.9M
Aggregate pre-delivery installments payable under shipbuilding contract per vessel$45.2M
Pre-delivery installments already settled per vessel$6.8M
Quarterly installment payments per vessel over 10 years$500K
Balloon payment per vessel payable with last installment$18.2M
AcquirerRubico Inc.
SellerTop Ships Inc.
Target spvRoman Shark II Inc.
Target spvRoman Shark X Inc.
ShipbuilderGuangzhou Shipyard International Company Limited
ShipbuilderChina Shipbuilding Trading Co., Ltd.
Sale and leaseback financing providerCIB Financial Leasing Co., LTD
Affiliate of seller (top ships inc.)Evangelos Pistiolis
Chief executive officerKalliopi Ornithopoulou

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Frequently asked questions

What did RUBI file with the SEC on Nov 12, 2026?

RUBI filed a 6-K (Acquisition). Rubico Inc. entered into a Share Purchase Agreement with Top Ships Inc. to acquire two SPVs holding shipbuilding contracts for 47,499 dwt chemical/product oil tankers for $14.5 million, payable at closing no later than March 31, 2027. The vessels have secured seven-year time charters with a major oil trader, representing approximately $150.9 million in potential gross revenue backlog including optional years.

What does a acquisition mean for RUBI stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 6-K?

How foreign companies listed in the US report news and events — like an 8-K for them. Look at the exhibit names: "results", "resign", "notice" tell you the topic. Many 6-Ks are routine (meeting notices); results and leadership changes matter most.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 6-K (foreign company report): How foreign companies listed in the US report news and events — like an 8-K for them.

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