Rubico agrees to buy two tanker-owning companies from Top Ships for $14.5 million

• Rubico agreed to acquire two tanker-owning companies from related party Top Ships for $14.5 million.
• Payment may comprise cash or Series G Perpetual Convertible Preferred Shares; closing is expected by March 31, 2027.
• The companies hold contracts for two 47,499-dwt chemical/product oil tankers, scheduled for delivery in the fourth quarters of 2028 and 2029, respectively.
• Seven-year Trafigura Maritime Logistics charters carry four-year extension options, bringing potential gross revenue from the vessels to about $150.9 million.
• The acquisition would increase total potential gross revenue backlog by 40% to approximately $523.1 million, including charter extension options.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rubico Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611100955PRIMZONEFULLFEED1001302879) on November 10, 2026, and is solely responsible for the information contained therein.