Rubico To Acquire MR Tanker Newbuilding From Top Ships In $6.25M Deal With 7-Year Charter, Extendable To 11 Years; Total Potential Gross Revenue Backlog From This Contract, Including Optional Years, Is ~$75.4M

Rubico Inc.

Rubico Inc.

RUBI

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Rubico Inc. (NASDAQ:RUBI) (the "Company" or "Rubico"), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that it has entered into a share purchase agreement (the "SPA") with Top Ships Inc. to purchase the shares of a company (the "SPV") that is party to a shipbuilding contract with Guangzhou Shipyard International Company Limited and China Shipbuilding Trading Co., Ltd. for the construction of a 47,499 dwt chemical/product oil carrier (the "Newbuilding MR Tanker"). The Newbuilding MR Tanker is scheduled for delivery in the third quarter of 2029.

The aggregate purchase price for 100% of the shares of the SPV is approximately $6.25 million, payable in full at closing. The transaction is expected to close by September 30, 2026, subject to customary closing conditions.

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