Articles from PTL Limited

Hong Kong, July 24, 2025 (GLOBE NEWSWIRE) -- PTL Limited (NASDAQ:PTLE) (“PTL” or the “Company”) today announced that on July 18, 2025, the Company received a notice from the staff of the Nasdaq Listing Qualifications department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) stating that it is currently not in compliance with the minimum market value of listing securities (the “MVLS”) of US$35 million for continued listing of the Company’s class A ordinary shares of no par value each (the “Class A Ordinary Shares”) on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(2) (the “MLVS Requirement”). Nasdaq calculates the MVLS based upon the most recent total shares outstanding multiplied by the closing bid price. The MVLS Notice indicated that the Company has 180 days, or until January 14, 2026 (the “Compliance Deadline”), to regain compliance with the MLVS Requirement by having its MVLS close at US$35 million or more for a minimum of ten consecutive business days.

Hong Kong, April 11, 2025 (GLOBE NEWSWIRE) -- PTL Limited (NASDAQ: PTLE) (the “Company”), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced the closing of its public offering (the “Offering”) of 23,800,000 ordinary shares at a public offering price of $0.30 per ordinary share.

Hong Kong, April 09, 2025 (GLOBE NEWSWIRE) -- PTL Limited (NASDAQ: PTLE) (the “Company”), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced the pricing of its public offering (“Offering”) of 23,800,000 ordinary shares at a public offering price of $0.30 per ordinary share.

Hong Kong, Nov. 06, 2024 (GLOBE NEWSWIRE) --  PTL Limited (Nasdaq: PTLE) (the “Company”), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced that the underwriters of its previously announced initial public offering (the “Offering”) have exercised their over-allotment option (the “Over-Allotment Option”) in full to purchase an additional 187,500 ordinary shares at the public offering price of $4.00 per share, resulting in additional gross proceeds of $0.75 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of ordinary shares sold by the Company in the Offering increased to 1,437,500 ordinary shares and the gross proceeds increased to $5.75 million, before deducting underwriting discounts and other related expenses. The Over-Allotment Option closing date was November 6, 2024. The ordinary shares began trading on the Nasdaq Capital Market October 16, 2024 under the symbol “PTLE.”

Hong Kong, Oct. 17, 2024 (GLOBE NEWSWIRE) -- PTL Limited (Nasdaq: PTLE) (the “Company”), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced the closing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares (the “Ordinary Shares”), at a price of $4.00 per Ordinary Share (the “Offering Price”).

Hong Kong, Oct. 15, 2024 (GLOBE NEWSWIRE) -- PTL Limited (Nasdaq: PTLE) (the “Company”), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced the pricing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares (the “Ordinary Shares”), at a price of $4.00 per Ordinary Share (the “Offering Price”).