Toro sets Oct. 1 record date for AI OKTO LPG carrier business spin-off
TORO•Trading and completion conditions
Nasdaq due-bill trading is expected from the record date through the distribution date; sellers during that period forfeit the spin-off shares.
Completion remains conditional on the Form 20-F becoming effective and Nasdaq approving AI OKTO’s listing on the Nasdaq Capital Market.
Spin-off record date and distribution terms
Toro set Oct. 1, 2026 as the record date for the planned spin-off of its LPG carrier business via AI OKTO.
The distribution is expected on or about Oct. 8, 2026, and shareholders are expected to receive 1 AI OKTO share for every 8 Toro shares.
