Rubico announces up to $15 million senior convertible debt offering

By Public Technologies
  • Rubico plans up to $15 million in senior convertible notes, including a conditional $5.56 million second tranche.
  • The initial $9.44 million tranche is expected to close October 19, 2026, generating $8.5 million in gross proceeds.
  • A 10% original issue discount applies; the second tranche would raise $5 million, bringing total potential gross proceeds to $13.5 million.
  • Unsecured notes pay 8% interest in cash or 10% in common shares; 12-month maturity is extendible to 18 months with 5% principal uplift.
  • Initial notes have a $0.3646 fixed conversion price; accompanying five-year warrants cover 25,903,577 common shares at $0.3646 each.


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: 202610161851PRIMZONEFULLFEED1001278434) on October 16, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.