Toro Corp (NASDAQ: TORO) schedules 2026 AGM with director and auditor votes
Rhea-AI Filing Summary
Toro Corp. has scheduled its 2026 Annual General Meeting of Shareholders for September 11, 2026 at 5:00 p.m. local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board set July 17, 2026 as the record date for determining shareholders entitled to receive notice and vote.
As of the record date, Toro had 34,559,330 Common Shares and 40,000 Series B Preferred Shares outstanding. Each Common Share carries 1 vote, and each Series B Preferred Share carries 100,000 votes, with both series voting together as a single class. Shareholders will vote on electing founder and CEO Petros Panagiotidis as Class C director to serve until the 2029 annual meeting, and on ratifying Deloitte Certified Public Accountants S.A. as independent auditors for the fiscal year ending December 31, 2026. A plurality of votes cast is required for the director election, and a majority of votes cast is required for auditor ratification. Any signed proxy returned without instructions will be voted in favor of all proposals.
Positive
- None.
Negative
- None.
Filing Explained
No governance decision is complete yet; passage remains subject to quorum and separate vote rules, with abstentions and broker non-votes not counted as affirmative votes.
The
Abstentions, including broker non-votes, are not affirmative votes, so they do not add support for either proposal under its applicable voting rule.
A shareholder may revoke a proxy before it is exercised, including by attending and voting in person; internet and telephone voting are available until
Key Figures
Annual Meeting date and time: September 11, 2026, 5:00 p.m. local time
Record date: July 17, 2026
Common Shares outstanding: 34,559,330 shares
+5 more
8 metrics
Annual Meeting date and time
September 11, 2026, 5:00 p.m. local time
Scheduled date and time of 2026 Annual General Meeting in Limassol, Cyprus
Record date
July 17, 2026
Date determining shareholders entitled to notice and vote at the meeting
Common Shares outstanding
34,559,330 shares
Common Shares issued and outstanding as of the record date
Series B Preferred Shares outstanding
40,000 shares
Series B Preferred Shares issued and outstanding as of the record date
Votes per Common Share
1 vote
Each Common Share entitles the holder to one vote on the proposals
Votes per Series B Preferred Share
100,000 votes
Each Series B Preferred Share entitles the holder to one hundred thousand votes
Board size
3 directors
Total number of directors on Toro Corp.’s Board
Nominee age
36 years
Age of Class C director nominee Petros Panagiotidis
Key Terms
Series B Preferred Shares, plurality of the votes cast, majority of the votes cast, broker non-votes, +2 more
6 terms
plurality of the votes cast regulatory
"Approval of Proposal One will require the affirmative vote of a plurality of the votes cast by shareholders"
majority of the votes cast regulatory
"Approval of Proposal Two will require the affirmative vote of the majority of the votes cast by shareholders entitled to vote"
broker non-votes regulatory
"Effect of Abstentions Abstentions (including broker non-votes) will not be considered affirmative votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
quorum regulatory
"One or more shareholders, present in person or by proxy, representing at least one-third... shall be a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
When is Toro Corp. (TORO) holding its 2026 Annual General Meeting?
Toro Corp. will hold its 2026 Annual General Meeting on September 11, 2026 at 5:00 p.m. local time in Limassol, Cyprus. The meeting location is 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, where shareholders may attend and vote in person.
What vote is needed to approve each proposal at Toro Corp. (TORO) 2026 meeting?
Election of the Class C director (Proposal One) requires a plurality of votes cast by shareholders entitled to vote. Ratification of Deloitte as auditors (Proposal Two) requires a majority of votes cast by shareholders voting in person or by proxy.
How will unsigned or unmarked proxies be voted for Toro Corp. (TORO)?
Any properly signed proxy returned without voting instructions will be voted in favor of all proposals described in the proxy materials. Shareholders may revoke a proxy at any time before it is exercised, including by attending the meeting and voting in person.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2026
Commission File Number: 001-41561
TORO CORP.
(Translation of registrant’s name into English)
223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this report on Form 6-K as Exhibit 99.1 is a copy of the press release issued by Toro Corp. (the “Company”) on July 20, 2026, announcing the date of its 2026 Annual General Meeting of Shareholders.
Attached to this report on Form 6-K as Exhibit 99.2 are the proxy materials for the 2026 Annual Meeting of Shareholders of the Company.
Attached to this report on Form 6-K as Exhibit 99.3 is the proxy card for the 2026 Annual Meeting of Shareholders of the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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TORO CORP.
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Dated: July 20, 2026
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By:
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/s/ Petros Panagiotidis
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Petros Panagiotidis
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Chairman and Chief Executive Officer
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Exhibit 99.1
Toro Corp. Announces the Date of its 2026 Annual General Meeting of Shareholders
Limassol, Cyprus, July 20, 2026 – Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), a global energy transportation services provider, announced today that its Board of Directors (the ”Board”) has scheduled the Company’s 2026
Annual General Meeting of Shareholders (the ”Meeting”) to be held on September 11, 2026, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of July
17, 2026 (the ”Record Date”) for the determination of the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.
The Company’s Notice of the Meeting and Proxy Statement will be mailed on or around July 20, 2026, to shareholders of record as of the Record Date and will
be furnished to the Securities and Exchange Commission (the ”Commission”) and available on the Commission’s website at www.sec.gov. The proxy materials will also be available on the Company’s website at www.torocorp.com.
About Toro Corp.
Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. The Company’s fleet comprises two LPG
carriers and two MR tanker vessels transporting petrochemical gases and refined petroleum products worldwide.
Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company’s common shares trade on the Nasdaq Capital Market under the symbol
“TORO”.
For more information, please visit the Company’s website at www.torocorp.com. Information on our website does not constitute a part of
this press release.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.
Forward-looking statements give the Company’s current expectations and projections about future events, including business strategy, goals, and future
financial condition and performance, and so actual results may differ materially from what is expressed or implied by the statements. These statements sometimes use words such as “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”,
“plan”, “potential”, “will”, “may”, “should”, “expect”, “pending”, “indicates” and other words of similar meaning (or the negative thereof) and include all matters that are not historical or current facts.
Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may
not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other discussed under “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2025 and/or our other filings with the
SEC, which can be obtained free of charge on the SEC’s website at http://www.sec.gov. Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward‐looking statements, whether as a
result of new information, future events or otherwise.
CONTACT DETAILS
For further information please contact:
Investor Relations
Toro Corp.
Email: ir@torocorp.com
Exhibit 99.2
July 20, 2026
TO THE SHAREHOLDERS OF TORO CORP.
Enclosed is a Notice of the 2026 Annual Meeting of Shareholders (the “Meeting”) of Toro Corp. (the “Company”), Proxy Statement and related
materials. The Meeting will be held at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus, on September 11, 2026 at 5:00 p.m. local time.
At this Meeting, shareholders of the Company will consider and vote upon proposals:
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To elect one Class C Director to serve until the 2029 Annual Meeting of Shareholders (“Proposal One”);
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To ratify the appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year of 2026 (“Proposal Two”); and
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To transact such other business as may properly come before the Meeting or any adjournment thereof.
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Only holders of record of the Company’s common shares, par value $0.001 per share, (the “Common Shares”) and of the Company’s Series B Preferred
Shares, par value $0.001 per share (the “Series B Preferred Shares” and, together with the Common Shares, the “Shares”) at the close of business on July 17, 2026 will be entitled to vote at the Meeting. Each Common Share then held entitles the
holder thereof to one (1) vote and each Series B Preferred Share entitles the holder thereof to one hundred thousand (100,000) votes on the Proposals. The holders of the Common Shares and the Series B Preferred Shares will vote together on the
Proposals as a single class.
Adoption of Proposal One requires the affirmative vote of a plurality of the votes cast by shareholders entitled to vote at the Meeting. Adoption
of Proposal Two requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote and voting in person or by proxy at the Meeting. You are cordially invited to attend the Meeting in person. If you attend the Meeting,
you may revoke your proxy and vote your shares in person.
IT IS IMPORTANT TO VOTE. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE COMPLETE, DATE, SIGN AND RETURN THE ENCLOSED
PROXY IN THE ENCLOSED ENVELOPE, WHICH DOES NOT REQUIRE POSTAGE IF MAILED IN THE UNITED STATES. THE VOTE OF EVERY SHAREHOLDER IS IMPORTANT AND YOUR COOPERATION IN RETURNING YOUR EXECUTED PROXY PROMPTLY WILL BE APPRECIATED. ANY SIGNED PROXY RETURNED
AND NOT COMPLETED WILL BE VOTED IN FAVOR OF ALL THE PROPOSALS PRESENTED IN THE PROXY STATEMENT.
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Sincerely,
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Petros Panagiotidis
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Chairman and Chief Executive Officer
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NOTICE OF ANNUAL MEETING
OF SHAREHOLDERS
TO BE HELD ON SEPTEMBER 11, 2026
NOTICE IS HEREBY given that the 2026 Annual Meeting of Shareholders (the “Meeting”) of Toro Corp. (the “Company”) will be held at 5:00 p.m. local
time on September 11, 2026, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus, for the following purposes, which are described in more detail in the accompanying Proxy Statement:
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To elect one Class C Director to serve until the 2029 Annual Meeting of Shareholders (“Proposal One”);
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To ratify the appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year of 2026 (“Proposal Two”); and
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To transact other such business as may properly come before the Meeting or any adjournment thereof.
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The Board of Directors of the Company has fixed the close of business on July 17, 2026, as the record date for the determination of the shareholders
entitled to receive notice of and to vote at the Meeting or any adjournment or postponement thereof.
Only holders of record of the Company’s common shares, par value $0.001 per share, (the “Common Shares”) and of the Company’s Series B Preferred
Shares, par value $0.001 per share (the “Series B Preferred Shares” and, together with the Common Shares, the “Shares”) at the close of business on July 17, 2026, will be entitled to vote at the Meeting. Each Common Share then held entitles the
holder thereof to one (1) vote and each Series B Preferred Share then held entitles the holder thereof to one hundred thousand (100,000) votes on the Proposals. The holders of the Common Shares and the Series B Preferred Shares will vote on the
Proposals as a single class.
IT IS IMPORTANT TO VOTE. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE COMPLETE, DATE, SIGN AND RETURN THE ENCLOSED
PROXY IN THE ENCLOSED ENVELOPE, WHICH DOES NOT REQUIRE POSTAGE IF MAILED IN THE UNITED STATES. THE VOTE OF EVERY SHAREHOLDER IS IMPORTANT AND YOUR COOPERATION IN RETURNING YOUR EXECUTED PROXY PROMPTLY WILL BE APPRECIATED. ANY SIGNED PROXY RETURNED
AND NOT COMPLETED WILL BE VOTED IN FAVOR OF ALL THE PROPOSALS PRESENTED IN THE PROXY STATEMENT.
All shareholders must present a form of personal photo identification in order to be admitted to the Meeting. In addition, if your Shares are
held in the name of your broker, bank or other nominee and you wish to attend the Meeting, you must bring an account statement or letter from the broker, bank or other nominee indicating that you were the owner of the Shares at the close of
business on July 17, 2026.
If you attend the Meeting, you may revoke your proxy and vote in person.
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BY ORDER OF THE BOARD OF DIRECTORS
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Petros Panagiotidis
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Chairman and Chief Executive Officer
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July 20, 2026
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Limassol, Cyprus
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TORO CORP.
PROXY STATEMENT
FOR
ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON SEPTEMBER 11, 2026
INFORMATION CONCERNING SOLICITATION AND VOTING
GENERAL
The enclosed proxy is solicited on behalf of the board of directors of Toro Corp., a Marshall Islands corporation (the “Company”), for use at the
Annual Meeting of Shareholders to be held at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus, at 5:00 p.m. local time on September 11, 2026, or at any adjournment or postponement thereof (the “Meeting”), for the
purposes set forth herein and in the accompanying Notice of Annual Meeting of Shareholders. This Proxy Statement and the accompanying form of proxy are expected to be mailed on or about July 20, 2026, to shareholders of the Company entitled to vote
at the Meeting.
VOTING RIGHTS AND OUTSTANDING SHARES
The Board of Directors of the Company (the “Board”) has fixed the close of business on July 17, 2026 as the record date (the “Record Date”) for the
determination of the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment or postponement thereof. As of the Record Date, the Company had issued and outstanding 34,559,330 common shares, par value $0.001 per
share (the “Common Shares”) and 40,000 shares of Series B Preferred Shares, par value $0.001 per share (the “Series B Preferred Shares” and, together with the Common Shares, the “Shares”). Each Common Share held as of the Record Date entitles the
holder thereof to one (1) vote and each Series B Preferred Share entitles the holder thereof to one hundred thousand (100,000) votes on the Proposals (as defined below). The holders of the Common Shares and the Series B Preferred Shares shall vote
on the Proposals (as defined below) as a single class. One or more shareholders, present in person or by proxy, representing at least one-third of the total number of votes eligible to be cast by holders of Shares issued and outstanding and
entitled to vote at the Meeting, shall be a quorum for the purposes of the Meeting. The Shares represented by any proxy in the enclosed form will be voted in accordance with the instructions given on the proxy if the proxy is properly executed and
is received by the Company prior to the close of voting at the Meeting. Any proxies returned without instructions will be voted FOR the proposals set forth on the Notice of Annual Meeting of Shareholders (the “Proposals”).
In the event that a quorum is not present at the Meeting, the majority of Shares present at the Meeting in person or by proxy shall have the power
to adjourn the Meeting. If the Meeting is adjourned for reasons other than a lack of quorum, no further notice of the adjourned Meeting will be required other than announcement at the Meeting in order to permit further solicitation of proxies; provided, that notice shall be given to each shareholder of record if the Board subsequently fixes a new record date for the adjourned meeting.
REVOCABILITY OF PROXIES
A shareholder giving a proxy may revoke it at any time before it is exercised. A proxy may be revoked by filing with the Secretary of the Company at
223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus, a written notice of revocation by a duly executed proxy bearing a later date, or by attending the Meeting and voting in person.
PROPOSAL ONE
ELECTION OF DIRECTORS
The Board consists of three directors. As provided in the Company’s Articles of Incorporation, as amended, the Board has been divided into three
classes and each director is elected to serve for a three-year term. Directors elected to the Board serve until the third succeeding annual meeting of shareholders after their election or until a director’s successor is duly elected. The term of
the director in Class C expires at the Meeting. The term of the director in Class A is expected to expire at the 2027 Annual Meeting of Shareholders and the term of the director in Class B is expected to expire at the 2028 Annual Meeting of
Shareholders.
The Board has nominated Petros Panagiotidis, currently serving as Class C Director and whose term expires at the Meeting, or whenever his successor
is duly elected, for election as a Class C Director.
Unless the proxy is marked to indicate that such authorization is expressly withheld, the person named in the enclosed proxy intends to vote the
shares authorized thereby FOR the election of the following nominee. It is expected that the nominee will be able to serve, but if before the election it develops that the nominee is unavailable, the person named in the accompanying proxy will vote
for the election of such substitute nominee as the current Board may recommend.
Nominee for Election to the Company’s Board
Information concerning the nominee for director of the Company is set forth below:
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Name
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Age
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Position
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Petros Panagiotidis
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36
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Director
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Petros Panagiotidis is the founder of the Company. He has been serving as the Chairman of the Board and Chief Executive Officer since the Company’s spin-off. With his expertise in shipping and extensive experience in capital markets he navigates the
Company’s strategic path and overall management, driving operational excellence and ensuring sustainable growth. Additionally, Mr. Panagiotidis holds the positions of Chairman and Chief Executive Officer of Castor Maritime, a Nasdaq-listed
company he founded in 2017. He also holds the same positions at Robin Energy Ltd., another Nasdaq-listed company, since April 14, 2025. Mr. Panagiotidis holds a Bachelor’s degree in International Studies and Mathematics from Fordham University
and a Master’s degree in Management and Systems from New York University. In 2023, Mr. Panagiotidis received the Lloyd’s List Next Generation Shipping Award in recognition for his achievements within the maritime sector.
Required Vote. Approval of Proposal One will require the affirmative vote of a plurality of the votes cast by shareholders entitled to vote at the Meeting.
THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE IN FAVOR OF THE PROPOSED DIRECTOR. UNLESS REVOKED AS PROVIDED
ABOVE, PROXIES RECEIVED BY MANAGEMENT WILL BE VOTED IN FAVOR OF SUCH PROPOSED DIRECTOR UNLESS A CONTRARY VOTE IS SPECIFIED.
PROPOSAL TWO
RATIFICATION OF APPOINTMENT OF
INDEPENDENT AUDITORS
The Board is submitting for ratification at the Meeting the appointment of Deloitte Certified Public Accountants S.A. (“Deloitte”) as the Company’s
independent auditors for the fiscal year ending December 31, 2026.
Deloitte has advised the Company that it does not have any direct or indirect financial interest in the Company, nor has such firm had any such
interest in connection with the Company other than in its capacity as the Company’s independent auditors.
All services rendered by the independent auditors are subject to review by the Audit Committee.
Required Vote. Approval
of Proposal Two will require the affirmative vote of the majority of the votes cast by shareholders entitled to vote and voting in person or by proxy at the Meeting.
THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE FOR RATIFICATION OF THE APPOINTMENT OF DELOITTE CERTIFIED PUBLIC
ACCOUNTANTS S.A. AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2026. UNLESS REVOKED AS PROVIDED ABOVE, PROXIES RECEIVED BY MANAGEMENT WILL BE VOTED IN FAVOR OF SUCH APPROVAL UNLESS A CONTRARY VOTE IS SPECIFIED.
SOLICITATION
The cost of preparing and soliciting proxies will be borne by the Company. Solicitation will be made primarily by mail, but shareholders may be
solicited by telephone, e-mail, or personal contact.
EFFECT OF ABSTENTIONS
Abstentions (including broker non-votes) will not be considered affirmative votes for Proposals One and Two.
OTHER MATTERS
No other matters are expected to be presented for action at the Meeting. Should any additional matter come before the Meeting, it is intended that
proxies in the accompanying form will be voted in accordance with the judgment of the person or persons named in the proxy.
REPORTS TO SHAREHOLDERS
The Company’s latest annual report to shareholders on Form 20-F (the “Annual Report”) and this Proxy Statement are available on the Company’s
website at www.torocorp.com. Websites included in this document are included for reference only and the information contained in, or available through, these websites does not form a part of, and is not incorporated by reference into, this
document. Upon request, and without charge, the Company will furnish each person to whom this Proxy Statement is delivered with a copy of the Annual Report. To request a copy, please call Toro Corp. at (+357) 25-357-768, or write to Mr. Petros
Panagiotidis at Toro Corp., 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.
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By Order of the Board of Directors
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Petros Panagiotidis
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Chairman and Chief Executive Officer
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July 20, 2026
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Limassol, Cyprus
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Exhibit 99.3
SCAN TO VIEW MATERIALS & VOTE TORO CORP. 223 CHRISTODOULOU CHATZIPAVLOU STREET HAWAII ROYAL GARDENS 3036 LIMASSOL, CYPRUS VOTE BY INTERNET - www.proxyvote.com or scan the QR Barcode above Use the Internet to transmit your voting instructions and for electronic delivery of information. Vote by 11:59 P.M. ET on September 10, 2026. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form.ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS If you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years. VOTE BY PHONE - 1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions. Vote by 11:59 P.M. ET on September 10, 2026. Have your proxy card in hand when you call and then follow the instructions. VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:T02192-P55005 KEEP THIS PORTION FOR YOUR RECORDS THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. DETACH AND RETURN THIS PORTION ONLY TORO CORP. The Board of Directors recommends you vote FOR the nominee listed in proposal 1: 1. THE ELECTION OF CLASS C DIRECTOR TO SERVE UNTIL THE 2029 ANNUAL MEETING OF SHAREHOLDERS: Nominee: For Against Abstain 1a. Petros Panagiotidis ! ! ! The Board of Directors recommends you vote FOR proposal 2: 2. To approve the appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year of 2026. ! ! ! NOTE: Such other business as may properly come before the meeting or any adjournment thereof. Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date
Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting:The Notice and Proxy Statement is available at www.proxyvote.com T02193-P55005 TORO CORP. Proxy for
Annual Meeting of Shareholders on September 11, 2026 Solicited on Behalf of the Board of Directors The undersigned hereby appoints Petros Panagiotidis with full power of substitution and power to act alone, as proxy to vote all of the common
shares which the undersigned would be entitled to vote if personally present and acting at theAnnual Meeting of Shareholders of TORO CORP., to be held at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens,3036 Limassol, Cyprus, on
September 11, 2026 at 5:00 p.m. local time, and at any adjournments or postponements thereof. This proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will be voted in accordance
with the Board of Directors’ recommendations. Continued and to be signed on reverse side