PTL Limited Announces Receipt of Notice from Nasdaq Regarding Listing Rule 5550(b)(2) and 5550(a)(2)
Rhea-AI Summary
PTL Limited (NASDAQ:PTLE) has received two critical notices from Nasdaq regarding listing compliance issues. The first notice concerns the company's failure to maintain a minimum market value of listed securities (MVLS) of $35 million. The second notice relates to the company's closing bid price falling below $1.00 per share for 30 consecutive business days.
PTL has until January 14, 2026 to address both issues. To regain compliance, the company must maintain an MVLS of $35 million or more for at least 10 consecutive business days, and separately, achieve a closing bid price of $1.00 or higher for at least 10 consecutive business days. If PTL fails to meet these requirements, it may face delisting from Nasdaq, though additional compliance periods or appeals may be available.
Positive
- Company has 180 days until January 14, 2026 to regain compliance
- Additional 180-day extension may be available if initial compliance period fails
- Company can appeal any delisting determination to a hearings panel
Negative
- Market value of listed securities (MVLS) has fallen below required $35 million minimum
- Stock price has fallen below $1.00 minimum requirement for 30 consecutive business days
- Company faces potential delisting risk if compliance is not achieved
- May need to implement reverse stock split to regain compliance
News Market Reaction
On the day this news was published, PTLE declined 0.05%, reflecting a mild negative market reaction. Argus tracked a peak move of +9.0% during that session. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $4K from the company's valuation, bringing the market cap to $9M at that time.
Data tracked by StockTitan Argus on the day of publication.
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
If at any time prior to January 14, 2026, the Company’s MVLS closes at US
The Company intends to monitor its market value of publicly held shares between now and January 14, 2026 and intends to cure the deficiency within the prescribed grace period. During this time, the Company expects that its Class A Ordinary Shares will continue to be listed and traded on the Nasdaq Capital Market. If the Company does not regain compliance by the Compliance Deadline, the Company will receive further written notification from Nasdaq that its securities are subject to delisting. At that time, the Company may qualify for additional time or appeal the delisting determination to a hearings panel.
On the same day, the Company has received a notification letter from the staff of the Listing Qualifications Department of the Nasdaq, indicating that for the last 30 consecutive business days, the closing bid price of the Company’s Class A Ordinary Shares was below the minimum bid price of US
Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until January 14, 2026, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s Class A Ordinary Shares is US
The Nasdaq notification letters do not affect the Company’s business operations, and the Company will take all reasonable measures to regain compliance within the prescribed grace period.
About PTL Limited
Headquartered in Hong Kong, we are an established bunkering facilitator providing marine fuel logistics services for vessel refueling, primarily container ships, bulk carriers, general cargo vessels, and chemical tankers. Targeting and serving the Asia Pacific market, we leverage our close relationships and partnership within our established network in the marine fuel logistic industry, including the upstream suppliers and downstream customers, to provide a one-stop solution for vessel refueling.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s annual report and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Investor and Media Contact:
PTL Limited
Investor Relations
Email: info@petrolinkhk.com
FAQ
Why did PTLE receive a notice from Nasdaq in July 2025?
What must PTLE do to maintain its Nasdaq listing?
Will PTLE be immediately delisted from Nasdaq?
What options does PTLE have if it fails to meet the January 14, 2026 deadline?
How can PTLE regain compliance with Nasdaq listing requirements?
