Toro Corp. Announces the Sale of the LPG Carrier Dream Terrax

Core Viewpoint - Toro Corp. has announced the sale of the Dream Terrax LPG Carrier vessel for $20 million to a subsidiary of Robin Energy Ltd., which is controlled by Toro's Chairman and CEO [1][2]. Group 1: Transaction Details - The transaction was approved by independent members of the Boards of Toro and Robin, following recommendations from special committees [2]. - The Dream Terrax, a 2020-built 5,000 cbm LPG Carrier, is expected to be delivered in 2025, pending customary closing conditions [1][2]. Group 2: Company Overview - Toro Corp. is a global energy transportation services provider with a modern fleet, which will consist of two LPG carriers and one MR tanker after the sale [3]. - The company is incorporated in the Republic of the Marshall Islands and trades on the Nasdaq Capital Market under the symbol "TORO" [3].