# EDGAR Filing Document

**Accession Number:** 0001941131
**File Stem:** 0001140361-25-030219
**Filing Date:** 2025-8
**Character Count:** 14226
**Document Hash:** 42ea548c1365faeb43d699b4c2d0cd25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-030219.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001140361-25-030219

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TORO CORP.
- **CENTRAL INDEX KEY:** 0001941131
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** 1T
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94048
- **FILM NUMBER:** 251202339

**BUSINESS ADDRESS:**
- **STREET 1:** 223 CHRISTODOULOU CHATZIPAVLOU STREET
- **STREET 2:** HAWAII ROYAL GARDENS
- **CITY:** LIMASSOL
- **STATE:** G4
- **ZIP:** 3036
- **BUSINESS PHONE:** 0035725357768

**MAIL ADDRESS:**
- **STREET 1:** 223 CHRISTODOULOU CHATZIPAVLOU STREET
- **STREET 2:** HAWAII ROYAL GARDENS
- **CITY:** LIMASSOL
- **STATE:** G4
- **ZIP:** 3036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TANKCO SHIPPING INC.
- **DATE OF NAME CHANGE:** 20220803
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TORO CORP.
- **CENTRAL INDEX KEY:** 0001941131
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** 1T
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 223 CHRISTODOULOU CHATZIPAVLOU STREET
- **STREET 2:** HAWAII ROYAL GARDENS
- **CITY:** LIMASSOL
- **STATE:** G4
- **ZIP:** 3036
- **BUSINESS PHONE:** 0035725357768

**MAIL ADDRESS:**
- **STREET 1:** 223 CHRISTODOULOU CHATZIPAVLOU STREET
- **STREET 2:** HAWAII ROYAL GARDENS
- **CITY:** LIMASSOL
- **STATE:** G4
- **ZIP:** 3036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TANKCO SHIPPING INC.
- **DATE OF NAME CHANGE:** 20220803

### UNITED STATES<br>

### SECURITIES AND EXCHANGE COMMISSION<br>

#### WASHINGTON, D.C. 20549

### SCHEDULE TO

#### TENDER OFFER STATEMENT<br>

#### Under Section 14(d)(1) or 13(e)(1)<br>

#### of the Securities Exchange Act of 1934<br>

#### (Amendment No. 1)

## TORO CORP.<br>

#### (Name of Subject Company (Issuer)) <br>

## TORO CORP.<br>

#### (Names of Filing Person(s) (Issuer)) <br>

#### Common Shares, Par Value $0.001 per share, including associated Preferred Share Purchase Rights <br>

#### under the Shareholder Protection Rights Agreement <br>

#### (Title of Class of Securities) <br>

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

#### Y8900D108 <br>

#### (CUSIP Number of Class of Securities) <br>

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

#### Petros Panagiotidis, Chairman and Chief Executive Officer <br>

#### TORO CORP. <br>

#### 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus <br>

#### Phone number: + 357 25 357 768

#### (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Person(s))

#### Copies to:

#### Finnbarr Murphy, Esq.<br>

#### Goodwin Procter LLP<br>

#### The New York Times Building<br>

#### 620 Eighth Avenue<br>

#### New York, New York 10018 <br>
(212) 459-7257

#### July 10, 2025<br>

#### (Date Tender Offer First Published, Sent or Given to Security Holders)
☐<br> Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which this statement relates:

☐<br> third-party tender offer subject to Rule 14d-1.

☒<br> issuer tender offer subject to Rule 13e-4.

☐<br> going-private transaction subject to Rule 13e-3.

☐<br> amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer. ☒

------

#### EXPLANATORY NOTE
This Amendment No. 1 ("Amendment No. 1") amends and supplements the Tender Offer Statement on Schedule TO (as amended and supplemented, the "Schedule TO"), originally filed with the United States Securities and Exchange Commission (the "SEC") by Toro Corp., a Marshall Islands corporation ("Toro" or the "Company"), on July 10, 2025, relating to the offer by the Company to purchase up to 4,500,000 of its common shares (the "Shares") of its common stock, par value of $0.001 per share, including the associated preferred share purchase rights issued pursuant to the Shareholder Protection Rights Agreement, by and between the Company and Broadridge Corporate Issuer Solutions, Inc., as rights agent, at a price of $2.75 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company's offer was made upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 10, 2025 (the "Offer to Purchase") and in the related Letter of Transmittal (the "Letter of Transmittal"), which together constitute the "Offer." This Schedule TO is intended to satisfy the reporting requirements of Rule 13e-4(c)(4) under the Securities Exchange Act of 1934, as amended.

Except as otherwise set forth in this Amendment No. 1, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment No. 1. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO.

The Schedule TO is hereby amended and supplemented as follows:

---

| | |
|:---|:---|
| **Item 11.**<br>| **Additional Information** |

---

Subsection (c) of "Item 11. Additional Information" is hereby amended by adding the following:

(c) **Other Material Information: On August 11, 2025, the Company issued a press release announcing the final results of the Offer, which expired at 5:00 P.M., Eastern time, on August 7, 2025. 20,344 Shares were validly tendered and not properly withdrawn prior to expiration of the Offer. The Company expects to accept all of those Shares for purchase in accordance with the terms of the Offer. A copy of such press release is filed as Exhibit (a)(5) to this Amendment No. 1 and is incorporated by reference herein.**

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#### Item 12. Exhibits.

---

| | | |
|:---|:---|:---|
| (a) | [(a)(1)(A)\*](https://www.sec.gov/Archives/edgar/data/1941131/000114036125025421/ny20050090x1_exaa1a.htm) | Offer to Purchase dated July 10, 2025.  |
|  | [(a)(1)(B)\*](https://www.sec.gov/Archives/edgar/data/1941131/000114036125025421/ny20050090x1_exa1b.htm) | Letter of Transmittal.  |
|  | [(a)(1)(C)\*](https://www.sec.gov/Archives/edgar/data/1941131/000114036125025421/ny20050090x1_exa1c.htm) | Notice of Guaranteed Delivery.  |
|  | [(a)(1)(D)\*](https://www.sec.gov/Archives/edgar/data/1941131/000114036125025421/ny20050090x1_exa1d.htm) | Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees dated July 10, 2025.  |
|  | [(a)(1)(E)\*](https://www.sec.gov/Archives/edgar/data/1941131/000114036125025421/ny20050090x1_exa1e.htm) | Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees dated July 10, 2025.  |
|  | [(a)(1)(F)\*](https://www.sec.gov/Archives/edgar/data/1941131/000114036125025421/ny20050090x1_exa1f.htm) | Press Release dated July 10, 2025.  |
|  | (a)(2) | Not Applicable.  |
|  | (a)(3) | Not Applicable.  |
|  | (a)(4) | Not Applicable.  |
|  | [(a)(5)\*\*](ny20050090x2_exa5.htm) | Press Release dated August 11, 2025.  |
|  | (b) | Not Applicable.  |
|  | [(d)(1)](https://www.sec.gov/Archives/edgar/data/1941131/000114036122043948/ny20004961x7_ex4-1.htm) | Shareholder Protection Rights Agreement by and between Toro and Broadridge Corporate Issuer Solutions, Inc., as rights agent (incorporated by reference to Exhibit 4.1 to Toro's registration statement on Form 20-F filed with the SEC on February 2, 2023).  |
|  | [(d)(2)](https://www.sec.gov/Archives/edgar/data/1941131/000114036122041919/ny20004961x5_ex4-3.htm) | Master Management Agreement by and among Toro, its shipowning subsidiaries and Castor Ships S.A. (incorporated by reference to Exhibit 4.3 to Toro's registration statement on Form 20-F filed with the SEC on February 2, 2023).  |
|  | [(d)(3)](https://www.sec.gov/Archives/edgar/data/1941131/000114036123010601/brhc10049321_ex4-2.htm) | Contribution and Spin-Off Distribution Agreement between Toro and Castor Maritime Inc. (incorporated by reference to Exhibit 4.2 to Toro's annual report on Form 20-F filed with the SEC on March 8, 2023).  |
|  | [(d)(4)](https://www.sec.gov/Archives/edgar/data/1941131/000114036125013963/ef20039037_4-8.htm) | Contribution and Spin-Off Distribution Agreement between Toro Corp and Robin Energy Ltd., dated as of April 14, 2025 (incorporated by reference to Exhibit 4.8 to Toro's annual report on Form 20-F filed with the SEC on April 15, 2025).  |
|  | (g) | Not Applicable.  |
|  | (h) | Not Applicable.  |
| b) | Not Applicable.  | Not Applicable.  |
| [c)](https://www.sec.gov/Archives/edgar/data/1941131/000114036125025421/ny20050090x1_ex107.htm) | Filing Fee Table.\* | Filing Fee Table.\* |

---

\*<br> Previously filed.

\*\*<br> Filed herewith

#### Item 13. Information Required by Schedule 13E-3.
Not Applicable.

------

#### SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **TORO CORP.** | **TORO CORP.** |
| By: | /s/ Petros Panagiotidis |
| Name: | Petros Panagiotidis |
| Title: | Chairman and Chief Executive Officer |
|  | Dated: August 11, 2025 |

---

## Ex-99.(A)(5)

#### Exhibit (a)(5)

![](logo_toro.jpg)

#### Toro Corp. Announces Final Results of Tender Offer for Common Shares

**Limassol, Cyprus, August 11, 2025** – Toro Corp. (NASDAQ: TORO) ("Toro" or the "Company"), a global energy transportation services provider, announces today the final results of its tender offer (the "Offer"), which expired at 5:00 P.M. Eastern time on August 7, 2025.

Based on the final count by Broadridge Corporate Issuer Solutions LLC, the depositary for the tender offer, 20,344 common shares (the "Shares") were properly tendered and not properly withdrawn prior to expiration of the Offer. The Company expects to accept all of these Shares for purchase in accordance with the terms of the Offer at a price of $2.75 per Share, net to the seller in cash, less any applicable withholding taxes and without interest, for an aggregate cost of approximately $55,946.00 excluding fees relating to the Offer. The Company will promptly pay for all of the Shares accepted for purchase.

If shareholders have any questions, please call our information agent, Georgeson LLC at (855) 733-5180 (toll free). Parties outside the U.S. can reach the information agent at +1 478-207-6120.

#### Important Additional Information about the Offer

This press release is for informational purposes only and is not a recommendation to buy or sell the Shares or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell Shares or any other securities. The Offer was made solely pursuant to the Offer to Purchase and related Letter of Transmittal included, among other items, as exhibits to and as a part of the Issuer Tender Offer Statement on Schedule TO (the "Schedule TO") filed by the Company with the SEC. Investors may obtain a free copy of the Schedule TO, the Offer to Purchase, the Letter of Transmittal and other documents that the Company has filed with the SEC at the SEC's website at www.sec.gov.

About Toro Corp.

Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. Following completion of the previously announced transaction to sell one of its LPG carriers, the Company's fleet will comprise of three LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.

Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol "TORO".

------

#### Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words "believe", "anticipate", "intend", "estimate", "forecast", "project", "plan", "potential", "will", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.

Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, those factors discussed under "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC's website at http://www.sec.gov. Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

#### CONTACT DETAILS
For further information please contact:

Investor Relations

Toro Corp.

Email: ir@torocorp.com

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