Rubico Inc (NASDAQ: RUBI) announced a shift from semi-annual to quarterly reporting of its financial results, effective with the third quarter of 2026.

The shipping transportation services provider expects to release its unaudited condensed financial statements for the quarter and nine months ended September 30, 2026, during the fourth quarter of 2026. This change aligns the company’s disclosure frequency with many listed peers and reflects a commitment to enhanced transparency with the investment community.

Reporting Structure

Each quarterly earnings release will include:

• Unaudited condensed statement of operations for the relevant quarterly and year-to-date periods
• Balance sheet as of the end of the relevant period
• Summarized statement of cash flows for the relevant quarterly and year-to-date periods
• Selected operating data and operational updates

The quarterly releases will not include accompanying notes to the financial statements. As a foreign private issuer, Rubico will continue to furnish unaudited interim condensed consolidated financial statements with accompanying notes on a semi-annual basis to the U.S. Securities and Exchange Commission. Audited annual consolidated financial statements will be filed with the annual report on Form 20-F.

Fleet Expansion Plans

Rubico currently owns two modern, fuel-efficient, eco 157,000 dwt Suezmax tankers. The company has significant newbuilding orders in progress:

The company entered into a share purchase agreement to acquire a shipowning company that owns one high-specification 47,499 dwt MR tanker newbuilding scheduled for delivery in the second quarter of 2029. The closing of this agreement is expected by September 30, 2026.

Rubico Inc. (NASDAQ: RUBI) declared a stock dividend of 0.50 common shares for each outstanding share. The distribution targets shareholders of record as of September 28, 2026.

The payout is scheduled for distribution on or about October 5, 2026. Fractional shares resulting from the calculation will be settled in cash based on the closing price on the record date.

Warrant Adjustments

The stock dividend triggers automatic adjustments to the company’s outstanding warrants. Immediately following the record date:

• The exercise price of all warrants reduces by 33.33%.
• The number of common shares issuable upon exercise increases by 50%.

Trading Mechanics

Nasdaq expects to establish "due bill" trading procedures for the period leading up to the distribution date. Purchasers of common shares through October 5, 2026, will be entitled to receive the stock dividend. Shareholders must hold their positions through and including the distribution date to qualify.

Trading on a stock dividend-adjusted basis is expected to commence on or about October 6, 2026.

Fleet Expansion Context

Rubico operates two modern Suezmax tankers and owns two MR tanker newbuildings scheduled for delivery in late 2029. The company also plans to divest a megayacht due in Q2 2027. Additionally, Rubico has agreed to acquire a shipowning entity holding one MR tanker newbuilding, with closing targeted by September 30, 2026.