◆ NeutralRUBI
Rubico Announces $8.5 Million Registered Direct Offering of Senior Convertible Notes and Warrants
GlobeNewswire Inc.·
Rubico Inc. (RUBI), a global shipping and vessel ownership company, announced a securities purchase agreement to issue $9.4M in senior convertible notes with a 10% original issue discount and warrants to purchase common shares. The company expects to receive $8.5M in gross proceeds at the first closing on October 19, 2026, with a potential second tranche of $5.5M. The notes bear 8-10% interest and mature in 12 months with optional extension to 18 months.
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