Rubico (RUBI) Registration filing summary

Company overview and business model

• Operates as a global provider of shipping transportation services, specializing in vessel ownership and operation, with a focus on crude oil transportation via two modern Suezmax tankers and expansion into chemical/product carriers and recreational megayachts.

• Incorporated in the Marshall Islands in 2022 as a spin-off from a former parent, with fleet management handled by a related party under long-term agreements.

• Pursues an opportunistic, sector-agnostic acquisition strategy, targeting both newbuild and secondhand vessels, and aims to diversify into other seaborne transportation sectors based on market conditions.

• Leverages a modern, fuel-efficient fleet and strong commercial relationships to access attractive chartering opportunities with major oil companies and commodity traders.

• Actively manages ESG initiatives, including environmental upgrades and human resource practices.

Financial performance and metrics

• As of June 30, 2026, the aggregate market value of outstanding common shares held by non-affiliates was approximately $3.29 million, based on 604,984 shares at $5.43 per share.

• Adjusted capitalization as of June 30, 2026, reflects scheduled debt repayments, new sale and leaseback financing, multiple equity offerings, and warrant exercises, resulting in total capitalization of $166.9 million.

Use of proceeds and capital allocation

• Net proceeds from the sale of primary offering securities will be used as set forth in applicable prospectus supplements; proceeds from secondary offerings by selling shareholders will not go to the company.