Rubico Announces 1-for-7.8 Reverse Split Reduces Shares to ~510K
Rubico Inc’s board approved a 1-for-7.8 reverse stock split effective February 12, 2026, converting approximately 3,979,412 outstanding shares into about 510,180 shares and assigning new CUSIP Y1250N115. The split preserves market capitalization and voting rights while aiming to boost the share price for Nasdaq listing compliance.
1. Reverse Stock Split Approval
Rubico’s board authorized a 1-for-7.8 reverse stock split to take effect at the opening of trading on February 12, 2026, with the common shares continuing to trade under the symbol RUBI.
2. Share Count Adjustment and CUSIP Change
Outstanding shares will decrease from 3,979,412 to approximately 510,180, adjusted for fractional share cancellations; a cash payment will be made for any fractional entitlements. The post-split shares will carry a new CUSIP number Y1250N115.
3. Purpose and Impact
The reverse split is intended to elevate the per-share trading price to meet Nasdaq Capital Market listing requirements, without altering the company’s market capitalization, authorized share count or voting rights.