Rubico Terminates $30 Million Equity Facility With B. Riley

MT Newswires Live07-20 23:21

Rubico (RUBI) canceled a 2025 stock purchase agreement with B. Riley Principal Capital II, an affiliate of BRC Group Holdings (RILY), that had allowed the company to sell up to $30 million in equity.

Rubico had already issued $27.1 million worth of shares through the facility before the termination, the company said Monday.

Price: 2.56, Change: -0.06, Percent Change: -2.44

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