Rubico Inc. to Acquire Mega Yacht Owner from Top Ships for $38 Million

Reuters01-01

<a href="https://laohu8.com/S/RUBI">Rubico Inc</a>. to Acquire Mega Yacht Owner from Top Ships for $38 Million

Rubico Inc. has entered into a purchase agreement to acquire a vessel-owning company from Top Ships Inc., which holds a shipbuilding contract for the newbuilding mega yacht M/Y Sanlorenzo 1150Exp. The vessel is expected to be delivered from the shipyard in the second quarter of 2027, with the purchase price set at $38.0 million. The purchase and sale of the Owner's shares are expected to be completed no later than March 31, 2026. An advance payment of $4.0 million previously made was credited against the purchase price, and the transaction was negotiated and approved by a special independent committee of Rubico's board after securing a fairness opinion from an independent financial advisor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rubico Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001157211-en) on December 31, 2025, and is solely responsible for the information contained therein.

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