Toro Corp. Announces Proposed Spin-Off of its Handysize Tanker Business
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Toro Corp. plans to spin off its Handysize tanker business into a new entity, Robin Energy Ltd., with shares distributed to Toro shareholders. Robin Energy will seek a Nasdaq listing.

February 28, 2025 | 10:15 pm
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Toro Corp. is spinning off its Handysize tanker business into Robin Energy Ltd., distributing shares to Toro shareholders. This move could unlock value and focus Toro's operations.
The spin-off of the Handysize tanker business allows Toro to focus on its core operations while potentially unlocking value for shareholders. The distribution of Robin Energy shares to Toro shareholders could be seen as a positive move, leading to a likely short-term increase in Toro's stock price.
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