Castor Maritime Inc. and Toro Corp. Amend Preferred Share Terms

On October 8, 2026, Castor Maritime Inc. and Toro Corp. agreed to amend the terms of their respective preferred shares. Specifically, the earliest conversion date for Castor's 5.00% Series D Cumulative Perpetual Convertible Preferred Shares, held by a Toro subsidiary, was extended to January 1, 2028. Concurrently, the earliest conversion date for Toro's 1.00% Series A Fixed Rate Cumulative Perpetual Preferred Convertible Shares, held by a Castor subsidiary, was extended to March 7, 2028. These amendments were approved by the respective boards of directors, following recommendations from special committees of independent directors. The Chairman and CEO of Toro Corp. also holds the same positions at Castor Maritime Inc.