Toro sets Oct. 1 record date for AI OKTO LPG carrier business spin-off

Toro has set October 1, 2026, as the record date for the planned spin-off of its LPG carrier business via AI OKTO. Shareholders are expected to receive one AI OKTO share for every eight Toro shares they hold, with distribution anticipated on or about October 8, 2026. Trading on the Nasdaq is expected to be on a 'due-bill' basis from the record date through the distribution date, meaning sellers during this period will forfeit the spin-off shares. The completion of the spin-off is contingent upon the Form 20-F becoming effective and the Nasdaq approving AI OKTO's listing on the Nasdaq Capital