Financing ·
Rubico extends $3.7M related-party debt to Oct 31, may settle in Series G preferred shares
RUBIRubico Inc.
Rubico Inc. amended a related-party transaction with TOP Ships Inc., extending the payment deadline for the outstanding $3.7 million balance owed from September 30, 2026, to October 31, 2026. This balance relates to the acquisition of Roman Shark V Inc. for an aggregate price of $6.5 million. The company may settle the remaining amount in cash or, at its election, through the issuance of newly-issued Series G Convertible Preferred Shares. Rubico operates in the maritime shipping industry.