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- Series A Preferred Shares Are Convertible At a Conversion Price Equal to the Lower of (i) 150% of the Vwap... and (ii) the Vwap... Provided, That, In No Event Shall the Conversion Price Be Less Than $2.50 (new) — The Series A Preferred Shares can convert at a price as low as $2.50, potentially causing significant dilution to existing shareholders.
- Significant Historical Fluctuations In the Market Price of Castor’s Common Shares Have Been Accompanied By Reports of Strong and Atypical Retail Investor Interest... We May Experience Similar Patterns of Investment (new) — The company's shares may experience volatility driven by retail investor sentiment on social media, similar to what occurred with Castor's shares.
Toro Corp. launches $12.5M at-the-market offering of common shares at $3.73 per share
Filed November 13, 2025 · ~2 min read
Key Changes
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Toro Corp. is offering up to $12.5 million of common shares in an at-the-market offering, with shares sold at prevailing market prices.
The Offering verify on EDGAR → -
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The assumed offering price is $3.73 per share, the last reported sale price on Nasdaq on November 10, 2025.
The Offering verify on EDGAR → -
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If 3,351,206 shares are sold at $3.73, total shares outstanding after the offering would be up to 24,824,715, implying a post-offering market capitalization of $92.6 million.
The Offering verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify