Rubico Prices 5.26 Million-Unit Offering at $0.95 to Raise $5M
Rubico Inc. has priced a 5,263,160-unit public offering at $0.95 per unit, consisting of one common share or pre-funded warrant plus 1.5 Class C warrants. The offering is expected to raise approximately $5.0 million before fees, with warrants exercisable at $0.95 and expiring five years after issuance.
1. Offering Pricing and Structure
Rubico priced a public offering of 5,263,160 units at $0.95 each, with each unit including one share of common stock or a pre-funded warrant and 1.5 Class C warrants exercisable at $0.95 per share.
2. Proceeds and Closing Schedule
Gross proceeds are expected to total approximately $5.0 million before placement agent fees and offering expenses, with closing targeted on or about May 21, 2026, subject to customary closing conditions.
3. Warrant Terms
Class C warrants are immediately exercisable at $0.95 per share and expire five years after issuance, providing investors a longer-term equity stake option.
4. Placement Agent and Registration
Maxim Group LLC is acting as sole placement agent, and the effective Form F-1 registration became effective May 20, 2026, under SEC File No. 333-295716.