• Rubico signed a warrant exercise inducement on June 12, 2026 covering all 7,894,740 outstanding Class C warrants.
• Exercise price cut to USD 0.65 from USD 0.95; net proceeds expected at about USD 4.8 million.
• Exercising holders to receive 15,789,480 new Class D warrants in a private placement; exercise price USD 0.65; five-year term.
• Class D warrants not expected to be exchange-listed; resale registration statement to be filed for shares issuable on exercise.
• Maxim to receive a cash fee up to 6% of gross proceeds tied to the warrant exercises.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-004093), on June 12, 2026, and is solely responsible for the information contained therein.