Mergers & Acquisitions ·
Rubico Inc. terminated its $30 million common stock purchase agreement with B. Riley Principal Capital II, LLC, having…
RUBIRubico Inc.
Rubico Inc. terminated its $30 million common stock purchase agreement with B. Riley Principal Capital II, LLC, having sold approximately $27.1 million in shares under the agreement. Additionally, the company entered into a letter of intent to acquire a shipowning company for a high-specification MR chemical/product oil tanker scheduled for delivery in Q2 2029, which is under a 7-year time charter with Trafigura Maritime Logistics Pte. Ltd. at $18,750 per day. Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels.