Rubico Announces 1-for-25 Reverse Stock Split to Maintain Nasdaq Compliance
Rubico (RUBI) has announced a 1-for-25 reverse stock split of its issued common shares, effective at the market opening on October 30, 2026. This corporate action aims to increase the company's per-share market price to ensure continued compliance with Nasdaq's minimum listing requirements. Prior to the split, as of October 28, 2026, Rubico had approximately 13.52 million outstanding common shares. Following the consolidation, the total number of outstanding shares will be reduced to approximately 540,694, subject to adjustments for any fractional shares that may be cancelled.
Tickers: $RUBI
Topics: Nasdaq compliance reverse stock split share consolidation