Corporate ActionMay 26, 2026, 08:41 AM
Rubico Closes $5.0M Public Offering of Units, Warrants
AI Summary
Rubico Inc. closed a public offering on May 21, 2026, generating approximately $5.0 million in gross proceeds. The offering involved 5,263,160 units, with each unit consisting of one common share (or a pre-funded warrant) and one and one-half Class C Warrants. The company issued 750,000 common shares, pre-funded warrants for 4,513,160 common shares, and Class C Warrants for 7,894,740 common shares. Additionally, warrants to purchase 263,158 common shares were issued to the placement agent.
Key Highlights
- Closed public offering on May 21, 2026, raising approximately $5.0 million in gross proceeds.
- Issued 5,263,160 units at $0.95 per unit, each comprising one common share (or pre-funded warrant) and 1.5 Class C Warrants.
- Issued 750,000 common shares and pre-funded warrants to purchase 4,513,160 common shares.
- Issued Class C Warrants to purchase 7,894,740 common shares.
- Issued Placement Agent Warrants to purchase 263,158 common shares.
- Common shares outstanding immediately after closing totaled 3,262,998.
- Class C Warrants are exercisable at $0.95 per share, and Pre-funded Warrants at $0.01 per share.
Price Impact
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