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Rubico announces reverse stock split
2025-11-28 21:59
- Rubico (NASDAQ:RUBI) announced on Friday that it has determined to effect a 1-for-30 reverse stock split of the company’s issued common shares, par value $0.01, effective at the opening of trading on December 2, 2025.
- The company had 61.44M outstanding shares, which will be reduced to approximately 2.05M, to adjust cancellation of fractional shares as of November 20, 2025.
- The split will not have any effect on shareholders's ownership percentage of common shares, market capitalization of the company, or on any voting rights.
- Fractional shares will be settled in cash.
- The purpose of the reverse stock split is to increase the market price and maintain compliance with the Nasdaq's listing requirements.
- Shares -8.20%.
More on Rubico Inc.
- Rubico shares fall more than 70% after pricing $7.5M offering
- Seeking Alpha’s Quant Rating on Rubico Inc.
- Financial information for Rubico Inc.
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