Corporate ActionMay 20, 2026, 10:42 AM
Rubico Prices Public Offering of 5.26M Units, Raising $5M
AI Summary
Rubico Inc. announced the pricing of its public offering of 5,263,160 units at $0.95 per unit. Each unit consists of one share of common stock (or pre-funded warrants) and 1.5 Class C Warrants. The offering is expected to generate gross proceeds of approximately $5.0 million and is anticipated to close around May 21, 2026. Maxim Group LLC is acting as the sole placement agent for the offering.
Key Highlights
- Rubico priced a public offering of 5,263,160 units.
- Each unit is priced at $0.95.
- Units comprise one common stock share (or pre-funded warrant) and 1.5 Class C Warrants.
- Class C Warrants are exercisable at $0.95 per share and expire in five years.
- Gross proceeds are expected to be approximately $5.0 million.
- The offering is anticipated to close on or about May 21, 2026.
- Maxim Group LLC is the sole placement agent for the offering.
Price Impact
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