Robin Energy Ltd.

Spin-Off from Toro Robin was incorporated by Toro under the laws of the Republic of the Marshall Islands on September 24, 2024, to serve as the holding company of the Robin Subsidiaries in connection with the Spin-Off. On February 28, 2025, the independent disinterested directors of Toro approved the proposed spin-off of Toro’s Handysize tanker segment to Robin, in order for each of Toro Corp., holding the LPG carrier segment, and Robin, holding the tanker segment, to operate and pursue opportunities as a separate pure play company in the relevant shipping sector, to be evaluated as such by the market and to enhance our and Toro’s financing and growth opportunities. Separating the LPG carrier and tanker businesses is intended to enable each of us and Robin to increase its focus on its distinct line of business, which is expected to enhance operational efficiencies, attract new investors and facilitate efficient strategic expansion.