Tag Archives: RUBI

Earlier this week, I wrote about TOP Ships (TOPS) spinoff of Rubico (RUBI).  At the time, shareholders were in limbo as while the ex-distribution date had been set as June 16, 2025, the distribution date had not been set. The company merely had suggested it would be in July.  TOP missed that projection, by one day, announcing this… Read More »

TOP Ships Inc. (TOPS) announced that it would be spinning off Rubico Inc.  into its own public company in July 2025, Rubico now officially owns two modern Suezmax tankers, providing investors with a clean, asset-backed entry into the marine energy infrastructure sector. Of course, a distribution date has still not been announced, and July is almost over, but… Read More »