Jun. 30 at 7:14 PM
TOP Ships Inc. (NYSE American:
$TOPS) announced on June 26, 2025, that Rubico Inc., its spin-off vehicle for two of its Suezmax tanker vessels, has received approval to list its common shares on Nasdaq Capital Market.
Top Ships Inc. is a B2i Digital Featured Company. View its complete profile at https://b2idigital.com/top-ships.
Rubico’s initial assets will include the M/T Eco Malibu and M/T Eco West Coast, each a modern, high-specification, scrubber-fitted, fuel-efficient 157,000 dwt Suezmax tanker. TOP Ships noted that the company intends to distribute 100% of Rubico’s common shares to its security holders of record as of June 16, 2025, with the distribution expected to occur within July 2025. A registration statement on Form 20-F has been filed and declared effective; TOP Ships plans to announce the distribution date via a future press release. Rubico will trade under the ticker “RUBI” once distributed.
See the full news release at https://www.globenewswire.com/news-release/2025/06/26/3106245/0/en/TOP-Ships-Announces-Approval-of-Listing-on-the-Nasdaq-Capital-Market-for-Spin-Off-of-Rubico-Inc.html
TOP Ships operates a fleet of technologically advanced, eco-efficient tanker vessels. With a young fleet, the company ensures operational efficiency, reduced environmental impact, and compliance with evolving regulatory standards. Its vessels are employed on time charters with high-quality counterparties, providing strong revenue visibility and stability.
The highly experienced TOP Ships management team, led by CEO Evangelos Pistiolis and CFO Alexandros Tsirikos, ACA, boasts decades of experience in all aspects of shipping and tanker operations.
To learn more about TOP Ships Inc. and stay current with their latest developments, please visit their website at www.topships.org. For questions and to get the latest news, please visit TOP Ships’ investor relations page: https://www.topships.org/investors-relations.
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