Castor maritime inc. announces filing of a revised registration statement for the proposed spin-off of its tanker fleet

Limassol, cyprus, dec. 30, 2022 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announced today that its board of directors, consisting of its independent disinterested members (the "board"), has decided, on the recommendation of a special committee of the board, to amend certain terms of the proposed spin-off of the whole of its tanker fleet comprising six aframax/lr2 and two handysize tankers to be held by its current subsidiary, toro corp. (“toro”). in the proposed spin-off, castor shareholders will receive one common share of toro for every ten castor common shares held at the close of business on december 6, 2022 (the “record date”).
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