Research analysts covering PS International Group.
Recent press releases and 8-K filings for PSIG.
PS International Group Ltd. Announces First Half 2025 Unaudited Financial Results and Recent Corporate Actions
PSIG
Earnings
Demand Weakening
Management Change
- PS International Group Ltd. (PSIG) reported unaudited financial results for the six months ended June 30, 2025, with revenues of $23.2 million, marking a 41.1% decrease compared to the same period in 2024, and a gross profit of $0.2 million, an 82.7% decrease.
- The company recorded a net loss of $0.4 million for the six months ended June 30, 2025, which remained consistent with the prior year period. The basic and diluted net loss per ordinary share was $(0.13) for the first half of 2025, compared to $(0.18) for the first half of 2024.
- Subsequent to the reporting period, PSIG effected an 8-to-1 reverse stock split on October 6, 2025, experienced a change in controlling shareholders on August 26, 2025, and initiated a private offering on November 7, 2025, expected to raise up to $9.6 million for general corporate purposes and business expansion.
Nov 26, 2025, 10:12 PM
PS International Group Ltd. Closes US$9.6 Million Private Offering
PSIG
- PS International Group Ltd. (PSIG) announced the closing of a private placement on November 12, 2025, generating approximately US$9.6 million in aggregate gross proceeds.
- The offering consisted of 5,332,216 units at an offering price of US$1.80 per unit, with each unit comprising one ordinary share and one warrant to purchase up to two ordinary shares.
- The company intends to use the net proceeds for general corporate purposes, including working capital and business expansion.
- PSIG has agreed to file a registration statement with the U.S. Securities and Exchange Commission to register the resale of the securities within twenty (20) calendar days after the closing of the offering.
- Directors, officers, and beneficial owners of 10% or more of the company's ordinary shares are subject to a ninety (90) day lock-up period following the closing of the offering.
Nov 13, 2025, 12:17 PM
PS International Group Ltd. Announces 8-for-1 Share Consolidation
PSIG
Delisting/Listing Issues
- PS International Group Ltd. (PSIG) announced an 8-for-1 share consolidation, approved by its board of directors on September 5, 2025.
- The primary objective of this consolidation is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), which pertains to the minimum bid price requirement, and to maintain its listing on the Nasdaq Capital Market.
- Trading of the company's ordinary shares on a split-adjusted basis is expected to begin on October 13, 2025, under the existing symbol "PSIG" but with a new CUSIP number, G7308J113.
- Following the consolidation, the total issued and outstanding ordinary shares will change from 26,326,936 to approximately 3,290,867, and the par value per share will increase from US$0.0001 to US$0.0008. Fractional shares will be rounded up to the nearest whole share.
Oct 9, 2025, 10:25 AM
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