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The latest announcement is out from Toro Corp. ( (TORO) ).
On December 23, 2025, Toro Corp. and Castor Maritime Inc. agreed to amend the terms of their cross-held convertible preferred shares, extending the initial conversion dates on Castor’s 5.00% Series D Cumulative Perpetual Convertible Preferred Shares held by a Toro subsidiary to January 1, 2027, and on Toro’s 1.00% Series A Fixed Rate Cumulative Perpetual Convertible Preferred Shares held by a Castor subsidiary to March 7, 2027. The amendments, approved by both boards following recommendations from special committees of disinterested and independent directors, effectively push out the potential equity conversion timetable in this related-party capital structure, preserving the existing balance of ownership and control between the two affiliated companies while deferring any dilutive impact for current common shareholders.
Spark’s Take on TORO Stock
According to Spark, TipRanks’ AI Analyst, TORO is a Neutral.
Toro Corp.’s stock score reflects the company’s strong equity position and undervaluation, juxtaposed against significant operational and financial challenges. The stock’s technical indicators show positive momentum, which could attract short-term investor interest. However, the uncertain financial outlook and cash flow inefficiencies pose risks that investors should be wary of.
To see Spark’s full report on TORO stock, click here.
More about Toro Corp.
Toro Corp., headquartered in Limassol, Cyprus, is a foreign private issuer listed in the United States and structured to file annual reports under Form 20-F, positioning it within the global capital markets as a cross-border, exchange-listed company. The firm maintains corporate ties with Castor Maritime Inc., another Nasdaq-listed shipping company, through overlapping leadership and reciprocal preferred share holdings.
Average Trading Volume: 394,083
Technical Sentiment Signal: Buy
Current Market Cap: $120.9M
For detailed information about TORO stock, go to TipRanks’ Stock Analysis page.