Rubico Inc (NASDAQ: RUBI), a shipping transportation services provider, announced its board of directors approved a 1-for-10 reverse stock split of the company's common shares.

The reverse stock split will take effect at the opening of trading on April 9, 2026, according to the company's statement. The action will apply to all issued common shares with a par value of $0.01.

Rubico operates as a global provider of shipping transportation services and specializes in vessel ownership. The company's shares trade on the Nasdaq exchange under the ticker symbol RUBI.