SplitJun 23, 2026, 04:31 PM
Rubico Announces 1-for-25 Reverse Stock Split Effective June 26
AI Summary
Rubico Inc. announced a 1-for-25 reverse stock split of its common shares, effective at the opening of trading on June 26, 2026. This action is intended to increase the market price of the company's common stock and ensure compliance with Nasdaq's continued listing requirements. Following the split, the approximately 15.13 million outstanding shares will be reduced to about 605,040, with cash payments made for any fractional shares.
Key Highlights
- Rubico Inc. announced a 1-for-25 reverse stock split.
- The reverse stock split will be effective on June 26, 2026.
- The new CUSIP number for the Common Shares will be Y1250N131.
- Outstanding shares will reduce from 15,126,008 to approximately 605,040.
- The split aims to increase market price and maintain Nasdaq listing compliance.
- Shareholders will receive cash for any fractional shares.
Price Impact
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