Rubico To Effect 1-for-25 Reverse Stock Split
(RTTNews) - On Wednesday, Rubico Inc. (RUBI), a global shipping company that owns and operates vessels, will implement a 1-for-25 reverse stock split of its common shares, effective at the market opening on October 30, 2026.
The reverse stock split will take effect at market opening on October 30, 2026. Rubico's shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker symbol RUBI.
On the Nasdaq, the shares were trading 25.64 percent down at $0.1128.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.