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Friday, September 22, 2023 11:02:52 AM
"(..) TOP Ships anticipates that the spin-off will be completed in September 2023. The record date, distribution date, distribution ratio, and other information regarding the spin-off distribution to the holders of TOP Ships’ securities will be the subject of a future announcement. (..) As part of the spin-off transaction, TOP Ships intends to distribute 100% of the common shares of Rubico to its securityholders and expects there to be no overlapping board members or management between Rubico and TOP Ships. (..) Rubico’s common shares are expected to trade initially on the OTCQX. (..) As soon as practicable following the spin-off, Rubico intends to apply to uplist to a major stock exchange. (..)"
Link: https://finance.yahoo.com/news/top-ships-inc-announces-proposed-123000929.html

Recent TOPS News
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/30/2023 09:30:11 PM
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