Toro Corp

2.39

+0.01010.42%

Post-market: 2.390.00000.00%19:34 EDT

Volume:43.76K

Turnover:103.19K

Market Cap:45.64M

PE:2.41

High:2.40

Open:2.34

Low:2.31

Close:2.38

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08:02","pubTimestamp":1740787320,"startTime":"0","endTime":"0","summary":"Toro on said its board of directors decided to spin-off its Handysize tanker business, comprising one smaller sized tanker and Xavier Shipping. Shares of the energy transportation services company rise 4.9% to $2.80 in after-hours trading.Syros Pharmaceuticals, which in November said it would cut most of its workforce, is winding down operations and voluntarily delisting its stock from Nasdaq. Shares plunge 40% to 9 cents in post-market trading.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4152","TORO","SYRS","BK4139","LU1165135440.EUR","BK4021","TTC","LU1543694498.USD"],"gpt_icon":1},{"id":"2516585848","title":"Toro Plans to Spin-Off Handysize Tanker Business","url":"https://stock-news.laohu8.com/highlight/detail?id=2516585848","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516585848?lang=en_us&edition=fundamental","pubTime":"2025-03-01 07:44","pubTimestamp":1740786240,"startTime":"0","endTime":"0","summary":"Toro's board of directors has decided to spin-off its Handysize tanker business, comprising one smaller sized tanker and Xavier Shipping Co.The spinoff will see Toro shareholders receive one share of a newly formed subsidiary, Robin Energy Ltd., for every eight shares of Toro common stock, the company said Friday. The subsidiary will act as the holding company for the lone Handysize vessel.The board thinks that creating a business in a distinct sector of the shipping industry, Handysize Product Tankers, will provide significant benefits to both companies and their shareholders. Each company is expected to increase its focus on their respective lines of business following the transaction, the company said.Toro's Chairman and Chief Executive Officer Petros Panagiotidis will hold the same positions at Robin Energy once the spinoff is completed.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["TORO","LU1543694498.USD","BK4152","LU1165135440.EUR","TTC","BK4021"],"gpt_icon":0},{"id":"2516897300","title":"Toro Corp. announces proposed spin-off of Handysize tanker business","url":"https://stock-news.laohu8.com/highlight/detail?id=2516897300","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516897300?lang=en_us&edition=fundamental","pubTime":"2025-03-01 06:05","pubTimestamp":1740780317,"startTime":"0","endTime":"0","summary":"Toro Corp. (TORO) announces that its Board of Directors has decided, on the recommendation of a special committee of the Board, consisting of its i...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/toro-corp-announces-proposed-spin-off-of-handysize-tanker-business?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/toro-corp-announces-proposed-spin-off-of-handysize-tanker-business?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4021","TORO"],"gpt_icon":0},{"id":"2516307380","title":"Toro Corp. Announces Proposed Spin-Off of its Handysize Tanker Business","url":"https://stock-news.laohu8.com/highlight/detail?id=2516307380","media":"GlobeNewswire","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516307380?lang=en_us&edition=fundamental","pubTime":"2025-03-01 06:00","pubTimestamp":1740780000,"startTime":"0","endTime":"0","summary":"LIMASSOL, Cyprus, March 01, 2025  -- Toro Corp.   an international energy transportation services company, announces that its Board of Directors , has decided, on the recommendation of a special committee of the Board, consisting of its independent disinterested members, to effect a spin-off of its Handysize tanker business comprising of one Handysize tanker and Xavier Shipping Co.  . In the Spin-Off, Toro shareholders will receive one common share of Robin Energy Ltd. , a newly formed subsidiary that will act as the holding company for the one tanker vessel, for every eight Toro common shares. Robin has applied to have its common shares listed on the Nasdaq Capital Market. Toro’s Chairman and Chief Executive Officer, Petros Panagiotidis, has been appointed as Chairman and Chief Executive Officer of Robin with effect as of the completion of the Spin-Off.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/toro-corp-announces-proposed-spin-220000493.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":"Toro Corp. Announces Proposed Spin-Off of its Handysize Tanker Business","news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["TORO","BK4021"],"gpt_icon":0}],"pageSize":4,"totalPage":4,"pageCount":1,"totalSize":15}]}}