Research analysts covering PTL.
Recent press releases and 8-K filings for PTLE.
PTL Limited Completes Registered Direct Offering
PTLE
New Projects/Investments
- PTL Limited entered into securities purchase agreements on February 4, 2026, for a registered direct offering.
- The company agreed to issue and sell 250,000,000 Class A ordinary shares at US$0.025 per share.
- The offering closed on February 6, 2026, generating approximately US$6,250,000 in gross proceeds.
- Net proceeds from the offering are intended for vessel acquisition, working capital, and general corporate purposes.
17 hours ago
PTL Limited Granted Extension for Nasdaq Compliance
PTLE
Delisting/Listing Issues
- PTL Limited received a letter from Nasdaq on January 20, 2026, granting an additional 180 calendar days to regain compliance with the minimum bid price requirement of $1.00 per share.
- The new deadline for compliance is July 13, 2026, by which the company's Class A ordinary shares must maintain a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days.
- The initial 180-day compliance period, which began on July 18, 2025, ended on January 14, 2026, without the company regaining compliance.
- The extension was granted based on PTL Limited's continued compliance with all other Nasdaq listing requirements and its stated intention to cure the deficiency, including the potential use of a reverse stock split.
- If compliance is not achieved by July 13, 2026, Nasdaq will issue a delisting notification, which the company may appeal.
Jan 22, 2026, 1:00 PM
PTL Limited Closes Registered Direct Offering
PTLE
New Projects/Investments
Working Capital
- PTL Limited closed a Registered Direct Offering on January 16, 2026.
- The company issued 155,000,000 Class A ordinary shares at a purchase price of US$0.025 per share.
- This offering generated aggregate gross proceeds of approximately US$3,875,000.
- The net proceeds from the offering are intended for vessel acquisition, working capital, and general corporate purposes.
Jan 16, 2026, 9:30 PM
PTL Limited Enters Securities Purchase Agreements for Class A Ordinary Shares
PTLE
New Projects/Investments
- On January 5, 2026, PTL Limited entered into Securities Purchase Agreements with certain investors for a registered direct offering of its Class A ordinary shares.
- The company agreed to sell an aggregate of 155,000,000 Class A ordinary shares at a purchase price of US$0.025 per share, resulting in an aggregate purchase price of US$3,875,000.
- PTL Limited expects to receive approximately US$3,875,000 in gross proceeds from this offering.
- The net proceeds from the offering are intended for vessel acquisition, working capital, and general corporate purposes.
Jan 12, 2026, 9:00 PM
PTL Limited closes Registered Direct Offering
PTLE
New Projects/Investments
- PTL Limited closed a Registered Direct Offering on December 12, 2025.
- The company issued 60,000,000 Class A ordinary shares at a purchase price of US$0.04 per share.
- This offering generated aggregate gross proceeds of approximately US$2,400,000.
- The net proceeds are intended for vessel acquisition, working capital, and general corporate purposes.
Dec 15, 2025, 11:27 AM
PTL Limited Announces Registered Direct Offering
PTLE
New Projects/Investments
- On December 4, 2025, PTL Limited entered into securities purchase agreements with investors for a Registered Direct Offering.
- The company will issue and sell an aggregate of 60,000,000 Class A ordinary shares at a purchase price of US$0.04 per share.
- This offering is expected to generate US$2,400,000 in gross proceeds.
- PTL Limited intends to use the net proceeds from the offering for vessel acquisition, working capital, and general corporate purposes.
- The Registration Statement for this offering became effective on December 2, 2025.
Dec 9, 2025, 4:10 PM
PTL Ltd. Announces First Half Fiscal Year 2025 Financial Results and Capital Raise
PTLE
Earnings
Management Change
- PTL Ltd. reported revenue of $43,555,675 for the six months ended June 30, 2025, representing a 13.4% decrease from the same period in 2024, while net income increased to $1,209,506 from $320,444.
- The company's gross profit decreased by 52.0% to $546,696 for the six months ended June 30, 2025, leading to a decline in gross profit margin from 2.3% to 1.3%.
- Total shareholders' equity significantly increased to $8,421,458 as of June 30, 2025, from $614,144 at December 31, 2024, primarily driven by the issuance of 23,800,000 Ordinary Shares at $0.30 per share in April 2025, which generated $7,140,000 in gross proceeds.
- Net cash used in operating activities was $8,249,616 for the six months ended June 30, 2025. Additionally, Mr. Tak Wing, Ho, a director and the Chief Financial Officer, is set to resign effective August 1, 2025.
Nov 3, 2025, 10:10 PM
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