Rubico to Execute 1-for-25 Reverse Split, Cutting Shares to 605,040
RUBI•Rubico’s board approved a 1-for-25 reverse stock split effective June 26, 2026, converting every 25 existing shares into one and reducing outstanding shares from 15,126,008 to approximately 605,040. Fractional shares will be cashed out at the June 25 closing price.
1. Reverse Stock Split Implementation
Rubico’s board approved a 1-for-25 reverse stock split effective at the opening of trading on June 26, 2026. Post-split shares will trade under the existing symbol and receive a new CUSIP number Y1250N131.
2. Outstanding Share Reduction
The company will convert 15,126,008 issued common shares into approximately 605,040 post-split shares, with any fractional holdings to be cancelled or cashed out.
3. Fractional Share Treatment
No fractional shares will be issued; holders of fractional entitlements will receive a cash payment equal to the fraction of a share multiplied by the June 25, 2026 closing price on Nasdaq.
4. Purpose and Listing Compliance
The reverse split aims to increase the market price of common stock and ensure compliance with Nasdaq Capital Market listing requirements without affecting market capitalization or shareholder voting rights.
