Rubico Inc. effected a 1-for-10 reverse stock split of its common shares effective April 9, 2026, reducing outstanding shares from 7,573,572 to approximately 757,356 to increase share price and maintain Nasdaq compliance.
Key takeaways
1-for-10 reverse stock split effective at market open on April 9, 2026, under ticker RUBI with new CUSIP Y1250N123.
Outstanding common shares reduced from 7,573,572 to ~757,356, adjusted for fractional share cash payments.
No change to authorized shares, par value ($0.01), voting rights, or market capitalization.
Stated capital reduced from ~$75,735.72 to ~$7,573.56, allocated to surplus.
Approved by shareholders on January 15, 2026, and Board on March 30, 2026.
Purpose: increase market price to comply with Nasdaq listing requirements.