Recent Updates — AIOK

The board declared a one-time special dividend of $3.50 per common share, payable in cash or stock to shareholders of record on November 2, 2026. Payment is expected by November 25, 2026, based on a 5-day VWAP of $4.5159. Nasdaq advised that shares will trade with due bills as the payout exceeds 25% of the current price. AI OKTO Corp. operates an international ship-owning business providing global energy transportation services.

AI OKTO Corp. has entered into an agreement with Robin Energy Ltd., a Nasdaq-listed company controlled by its Chairman and CEO, to sell the Dream Arrax, a 2015-built 5,000 cbm LPG Carrier vessel, for $18 million. The transaction was approved by the boards of both companies following recommendations from independent special committees. Delivery is expected in the fourth quarter of 2026, subject to customary closing conditions. Following this sale, AI OKTO's fleet will consist of a single 5,000 cbm LPG Carrier. AI OKTO Corp. is an international ship-owning company providing energy transportation services globally.

Toro Corp. completed the spin-off of its liquefied petroleum gas (LPG) carrier segment into an independent, publicly traded company named AI OKTO Corp. on October 8, 2026. Toro contributed two LPG carrier-owning subsidiaries and $45 million in cash to AI OKTO in exchange for 4,319,916 common shares and 5,000,000 Series A Preferred Shares retained by Toro. AI OKTO's common shares commenced trading on the Nasdaq Capital Market under the symbol "AIOK" on October 9, 2026. The company operates two LPG carrier vessels with an aggregate capacity of approximately 10,000 cubic meters and generates revenue through time charters. AI OKTO Corp. is a shipping company engaged in the worldwide transportation of LPG.