Welcome to our dedicated page for Toro SEC filings (Ticker: TORO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Toro Corp. filings document a foreign issuer engaged in seaborne energy transportation through tanker and LPG carrier vessels. Its Form 20-F annual report covers financial statements, while Form 6-K reports furnish operating results, vessel revenues, fleet ownership days, voyage expenses, management fees and other current disclosures incorporated into registration statements.
The filing record also documents common-share distributions with cash or stock election mechanics, shareholder notices and dividend election forms, vessel-secured revolving credit facilities, at-the-market offering arrangements under Form F-3 registration statements, and S-8 registration references. Governance-related disclosures include special committee review of related-party transactions involving Castor Maritime securities and capital-structure matters tied to common shares.
Toro Corp. has signed a $60.0 million revolving credit facility with a leading European financial institution. This flexible loan, which can be drawn and repaid as needed, has a five‑year tenor and bears interest at a rate of Term SOFR plus a margin.
The facility will be secured by a first priority mortgage over four of Toro’s vessels, and net proceeds are expected to be used for general corporate purposes. Toro operates a modern fleet of oceangoing vessels, including two LPG carriers and one MR tanker.
TORO CORP. director Platanias Angelos Rounick filed an initial ownership report showing beneficial ownership of 87,353 shares of common stock. This Form 3 does not reflect any new purchase or sale activity; it simply records his existing direct holdings as of the reporting date.
TORO CORP. director Petros Zavakopoulos has filed an initial ownership report showing his position in the company’s common stock. The filing indicates he directly holds 60,000 shares of common stock after the reported holdings entry, with no specific buy or sell transaction reported in this form.
TORO CORP. director and Chief Executive Officer Panagiotidis Petros Panagiotis filed an initial statement of beneficial ownership. He reports indirect control of 18,506,235 common shares through Pani Corp. and 40,000 Series B Preferred Shares through Pelagos Holdings Corp., with each preferred share carrying the voting power of 100,000 common shares. He may be deemed to beneficially own these securities through his control of Pani and Pelagos but disclaims beneficial ownership except to the extent of any pecuniary interest.
TORO CORP. filed an initial ownership report for Chief Financial Officer Pagiaslis Theologos. The Form 3 lists him as an officer of the company but does not report any equity transactions or holdings in this excerpt.
Pani Corp. and Petros Panagiotis Panagiotidis have updated their ownership disclosure in Toro Corp. following a one-time special dividend paid in shares. Pani Corp. now reports beneficial ownership of 18,506,235 common shares, representing 64.1% of Toro’s outstanding 28,852,084 shares. This total includes 5,794,995 shares received on January 16, 2026 as a special dividend, for which Pani Corp. elected stock instead of cash at $1.75 per share, using a 20-day volume-weighted average price of $3.8386 to calculate the share amount.
The stake also includes several tranches of restricted stock granted to Mr. Panagiotidis in 2023, 2024 and 2025 with multi-year vesting schedules, over which the reporting persons have varying voting and dispositive rights before and after vesting. In addition to the common shares, an entity controlled by Mr. Panagiotidis, Pelagos Holdings Corp., holds 40,000 Series B Preferred Shares, each carrying the voting power of 100,000 common shares, further concentrating voting influence.
Toro Corp. reported the final results of shareholder elections for its previously declared special dividend and confirmed that the dividend has been paid. The special dividend totaled $1.75 per common share, payable in either cash or Toro common shares, and was paid on January 16, 2026 to shareholders of record as of December 16, 2025. Based on shareholder choices, the company distributed approximately $9.3 million in cash and 7,378,575 common shares. The stock portion was calculated using the 20-day volume-weighted average price of $3.8386 per share on Nasdaq through December 4, 2025. Toro notes that its shares traded with due bills through January 16, 2026, with an ex-dividend date of January 20, 2026.
Toro Corp. is sending shareholders of record as of December 16, 2025 a notice and election form related to the dividend it announced on December 5, 2025, which is expected to be paid on January 16, 2026.
The mailing consists of an information letter to shareholders and a dividend election form, providing the materials shareholders need to make their election in connection with this upcoming dividend.
Toro Corp. entered into an “at-the-market” Offering Agreement with Maxim Group LLC, permitting the Company to sell common shares with an aggregate offering value of up to $12.5 million from time to time, at its sole discretion.
The Company states it intends to use any proceeds for capital expenditures, working capital, vessel, other asset or share acquisitions, construction of newbuild vessels, other general corporate purposes, or a combination of these.
The sales will be made under Toro’s effective Form F-3 shelf registration (File No. 333-275477), declared effective on January 10, 2024, via a prospectus and prospectus supplement filed with the SEC.
Toro Corp. launched an at-the-market (ATM) offering of up to $12,500,000 in common shares under a prospectus supplement to its Form F-3 shelf. Maxim Group LLC will act as sales agent, using commercially reasonable efforts to sell shares on Nasdaq or via other permitted methods.
The company will pay a commission of up to 3.0% of the aggregate offering amount and intends to use net proceeds for capital expenditures, working capital, vessel or other asset/share acquisitions, newbuild construction, or general corporate purposes. As a foreign private issuer and emerging growth company, Toro notes that, under General Instruction I.B.5, primary sales are capped at no more than one-third of its public float in any 12‑month period while the float is below $75 million. The last reported Nasdaq sale price was $3.730 per share.