Castor Maritime - Discussing Proposed Tanker Fleet Spin-Off [Seeking Alpha]
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: Seeking Alpha
HeliRyNote:I have covered Castor Maritime (NASDAQ:CTRMearlier articleson the company.After the close of Wednesday's session, junior -based shipping company Castor Maritimeannouncedspin-off of its tanker fleet into a new-Nasdaq listed company called "Toro Corp." or "Toro".Castor Maritime Inc. (...) has decided (...) to effect a spin-off of its tanker fleet comprising one Aframax, five Aframax/LR2 and two Handysize tankers (the â??Spin-Offâ?). In the Spin-Off, Castor shareholders will receive two common shares of Toro Corp. (â??Toroâ?), a newly formed subsidiary that will act as the holding company for the eight tanker vessels, for every five Castor common shares held at the close of business on December 6, 2022 (the â??Record Dateâ?). Toro has applied to have its common shares listed on the Nasdaq Capital Market. Castorâ??s Chairman, Chief Executive Officer and Chief Financial Officer, Petros Panagiotidis, has been appointed as Chairman and Chief Executive Officer of Toro with effec
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News
- Castor Maritime Inc. Announces Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021GlobeNewswire
- Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Nebula [Yahoo! Finance]Yahoo! Finance
- Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic NebulaGlobeNewswire
- Castor Maritime Inc. Announces Compliance with Nasdaq Minimum Bid Price RequirementGlobeNewswire
- Castor Maritime Inc. Announces Reverse Stock Split to be Effective March 27, 2024GlobeNewswire
CTRM
Sec Filings
- 4/22/24 - Form SC
- 4/22/24 - Form 6-K
- 4/22/24 - Form SC
- CTRM's page on the SEC website