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Rubico estimates NAV rises 41% to $258M, or $20.49 per share
RUBIRubico Inc.
Rubico Inc. announced that its estimated net asset value as of September 30, 2026, increased by 41% to $258.0 million, following third-party valuations of its charter-free vessels. This valuation translates to $20.49 per common share on a current basis and $3.58 on a fully-diluted basis, assuming the exercise of all warrants and conversion of outstanding Senior Convertible Notes and Series G Preferred Shares. The company noted that its stock was trading at a significant discount to these estimates. Rubico Inc. is a global provider of shipping transportation services specializing in the ownership and operation of tanker vessels.