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Toro set Oct. 1, 2026 as the record date for its AI OKTO spin-off, with a planned 1-for-8 share distribution around Oct. 8, subject to SEC effectiveness and Nasdaq listing approval. Due-bill trading will apply from the record date through distribution.
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-bi