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TOPS 424B3: Material agreement

Filed with the SEC on · accession 0001171843-26-006670

TOPS filed a 424B3 (prospectus (offering)) with the SEC on Oct 15, 2026. TOP Ships Inc. amended a related-party agreement with Rubico Inc. regarding the $3.7 million outstanding balance from Rubico's acquisition of Roman Shark V Inc., extending the payment deadline from September 30, 2026 to October 31, 2026, with the option to settle in cash or newly-issued Series G… The stock moved +0.3% by the first close after the filing.

Summary of the filing

TOP Ships Inc. amended a related-party agreement with Rubico Inc. regarding the $3.7 million outstanding balance from Rubico's acquisition of Roman Shark V Inc., extending the payment deadline from September 30, 2026 to October 31, 2026, with the option to settle in cash or newly-issued Series G Convertible Preferred Shares of Rubico.

For details, click here →How to read a 424B3 →

Key details

Aggregate purchase price for Roman Shark V Inc.$6.5M
Cash already settled$2.8M
Outstanding balance due from Rubico$3.7M
RegistrantTOP Ships Inc.
Related party and purchaser of roman shark v inc.Rubico Inc.
Subsidiary sold to rubico inc.Roman Shark V Inc.
ShipbuilderGuangzhou Shipyard International Company Limited
ShipbuilderChina Shipbuilding Trading Co., Ltd.
Chief executive officerEvangelos J. Pistiolis

How TOPS stock reacted

Close before

$4.45

Oct 14, 2026

First close after

+0.29%

$4.46

5 trading days

-12.71%

$3.88

Since filing

-36.14%

$2.84

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Frequently asked questions

What did TOPS file with the SEC on Oct 15, 2026?

TOPS filed a 424B3 (Material agreement). TOP Ships Inc. amended a related-party agreement with Rubico Inc. regarding the $3.7 million outstanding balance from Rubico's acquisition of Roman Shark V Inc., extending the payment deadline from September 30, 2026 to October 31, 2026, with the option to settle in cash or newly-issued Series G Convertible Preferred Shares of Rubico.

What does a material agreement mean for TOPS 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 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

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 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did TOPS stock react to this filing?

TOPS closed at $4.45 before the filing and $4.46 on Oct 15, 2026 (+0.29%). Five trading days later: $3.88 (-12.71%).

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