Rubico Inc. said its board of directors approved a 1-for-25 reverse stock split of the company’s common shares. The split is scheduled to take effect at the opening of trading on October 30, 2026. The shares will then trade on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker RUBI.
The split will consolidate existing shares into a smaller number of proportionally more valuable shares. Every 25 issued and outstanding common shares will automatically convert into one share.
The number of outstanding shares will decrease from approximately 13.5 million to about 540,694. The par value and the total number of authorized common shares will remain unchanged.