PTL Limited Granted Additional 180-Day Grace Period to Regain Nasdaq Compliance

Rhea-AI Summary

PTL Limited (NASDAQ: PTLE) said Nasdaq granted an additional 180 calendar days, until July 13, 2026, to regain compliance with the minimum $1.00 bid price under Nasdaq Listing Rule 5550(a)(2).

PTL was first notified of the deficiency on July 18, 2025 and the initial 180-day cure period ended January 14, 2026 without regaining compliance. Nasdaq's extension was allowed because the company remains compliant with other listing rules and filed a written notice of intent to cure, which may include a reverse stock split. To cure, the closing bid must be ≥ $1.00 for at least 10 consecutive business days during the extension. If PTL cannot show compliance by July 13, 2026, Nasdaq will notify the company of delisting and PTL may appeal to a Hearings Panel.

Positive

• Nasdaq granted an additional 180-day compliance period until July 13, 2026
• Company remains compliant with all other applicable Nasdaq listing requirements
• Written plan to cure deficiency includes reverse stock split option

Negative

• Closing bid price remained below $1.00, failing initial cure by Jan 14, 2026
• Failure to regain compliance by July 13, 2026 may trigger Nasdaq delisting
• Potential reverse stock split could dilute existing shareholders

News Market Reaction

+1.67%

9 alerts

+1.67% News Effect

+26.0% Peak in 31 hr 13 min

+$523K Valuation Impact

$32M Market Cap

0.2x Rel. Volume

On the day this news was published, PTLE gained 1.67%, reflecting a mild positive market reaction. Argus tracked a peak move of +26.0% during that session. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $523K to the company's valuation, bringing the market cap to $32M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Additional grace period: 180 calendar days Bid price requirement: $1.00 per share Compliance window end: July 13, 2026 +5 more

8 metrics

Additional grace period 180 calendar days Extension to regain Nasdaq $1.00 minimum bid compliance to July 13, 2026

Bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) minimum bid price threshold

Compliance window end July 13, 2026 Deadline to demonstrate minimum $1.00 bid price for 10 consecutive business days

Prior deadline January 14, 2026 Initial 180-day bid price compliance period end date

Consecutive days required 10 business days Period closing bid must be at or above $1.00 to regain compliance

Shelf capacity $100,000,000 Maximum aggregate amount under Form F-3 shelf registration

Recent offering size 155,000,000 shares Class A ordinary shares at US$0.025 in January 2026 registered direct offering

Recent gross proceeds US$3,875,000 Aggregate gross proceeds from January 2026 registered direct offering

Market Reality Check

Price: $0.1220 Vol: Volume 2,445,882 vs 20-da...

low vol

$0.1220 Last Close

Volume Volume 2,445,882 vs 20-day avg 9,097,153 (relative volume 0.27), indicating subdued trading ahead of this notice. low

Technical Shares at $0.1075 are trading below the $0.41 200-day MA and 97.13% below the 52-week high of $3.75, only 9.81% above the 52-week low of $0.0979.

Peers on Argus

PTLE showed weakness pre-announcement while key peers were mixed; FTEL appeared ...

1 Up

PTLE showed weakness pre-announcement while key peers were mixed; FTEL appeared in momentum scans up 10.16%, and sector peers like NAAS and BQ also rose, suggesting PTLE’s pressure is stock-specific rather than a broad Consumer Cyclical move.

Historical Context

2 past events · Latest: Nov 03 (Neutral)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Nov 03	Interim earnings	Neutral	+13.3%	H1 2025 results showed higher net income despite weaker revenue and margins.
Jul 24	Nasdaq notice	Negative	-0.1%	Nasdaq cited shortfalls in MVLS and minimum <b>$1.00</b> bid price requirements.

Pattern Detected

Prior Nasdaq compliance news in July 2025 led to virtually flat price reaction, indicating listing notices have not historically triggered sharp immediate moves.

Recent Company History

Over the last several months, PTL Limited has balanced operational and listing challenges. On Nov 3, 2025, it reported H1 2025 revenue of $43,555,675 with a thin 1.3% gross margin but net income of $1,209,506 and EPS of $0.05, followed by a 13.27% price gain. On Jul 24, 2025, Nasdaq notified PTL of deficiencies in market value of listed securities and the $1.00 minimum bid price, with deadlines through Jan 14, 2026. Today’s extension directly updates that ongoing compliance process.

Regulatory & Risk Context

Active S-3 Shelf · $100,000,000

Shelf Active

Active S-3 Shelf Registration 2025-11-10

$100,000,000 registered capacity

An effective Form F-3 shelf dated Nov 10, 2025 allows PTL to offer up to $100,000,000 in securities, with at least one usage via a Jan 6, 2026 Form 424B5 prospectus for up to 155,000,000 Class A shares at $0.025. Recent 6-K filings also detail a 155,000,000-share offering at US$0.025 for gross proceeds of US$3,875,000 and an earlier 60,000,000-share offering at US$0.04, underscoring active use of registered equity financing.

Market Pulse Summary

This announcement extends PTL’s timeline to address Nasdaq’s $1.00 minimum bid price rule, granting ...

Analysis

This announcement extends PTL’s timeline to address Nasdaq’s $1.00 minimum bid price rule, granting an extra 180 days until July 13, 2026 to maintain that level for 10 consecutive business days. The stock traded at $0.1075, far below the threshold and near its $0.0979 52-week low, underscoring the challenge. Recent regulatory filings show active use of a $100,000,000 Form F-3 shelf and sizable share offerings, factors that interact directly with listing compliance and capital structure risk.

Key Terms

minimum bid price, reverse stock split, closing bid price, delisted, +3 more

7 terms

minimum bid price regulatory

"to regain compliance with the minimum bid price requirement of $1.00 per share"

The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.

reverse stock split financial

"including the potential use of a reverse stock split if necessary."

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

closing bid price financial

"the closing bid price of the Company’s ordinary shares must meet or exceed $1.00"

The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.

delisted regulatory

"Nasdaq staff will provide written notification that the Company’s securities will be delisted."

Delisted means a company's shares have been removed from a public stock exchange and are no longer traded on that venue. For investors this matters because it reduces ease of buying or selling the stock, cuts off regular price discovery and exchange oversight, and can signal regulatory or financial problems; it's like a product being pulled from a supermarket shelf and only available through harder-to-find channels.

hearings panel regulatory

"the Company may appeal the Nasdaq staff’s determination to a Hearings Panel."

A hearings panel is a small group of officials or experts who hold formal sessions to review evidence, question parties, and make decisions about regulatory compliance, discipline, or approvals. Think of it like a review board or courtroom for business and market issues: its findings can lead to fines, changes in a company’s permissions, or even delisting. Investors pay attention because the panel’s rulings can directly affect a company’s operations, reputation and share price.

registered direct offering financial

"has completed a registered direct offering of its Class A ordinary shares."

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

form f-3 shelf registration regulatory

"filed a Form F-3 shelf registration to offer, from time to time after effectiveness, up to"

A Form F-3 shelf registration is a pre-approved filing that lets a foreign company already following U.S. disclosure rules register securities in advance and sell them later as needed. Think of it like a pre-authorized credit line for issuing shares or bonds: it makes raising money faster and more flexible. Investors watch for these filings because future offerings can change share supply, dilute ownership, and affect price and liquidity.

AI-generated analysis. Not financial advice.

Hong Kong S.A.R., Jan. 22, 2026 (GLOBE NEWSWIRE) -- PTL Limited (NASDAQ: PTLE) (“PTL” or the “Company”) announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on January 20, 2026, indicating that the Company is granted an additional 180 calendar days, until July 13, 2026, to regain compliance with the minimum bid price requirement of $1.00 per share, as stipulated by Nasdaq Listing Rule 5550(a)(2).

On July 18, 2025, PTL Limited was notified that the Company's listed security no longer meets the minimum $1 bid price per share requirement under Nasdaq's Listing Rules. Despite our efforts, the bid price has not regained compliance within the initial 180-day period, which ended on January 14, 2026. However, Nasdaq Staff has determined that PTL Limited is eligible for an additional 180-day period, until July 13, 2026, to regain compliance. This extension is granted based on the Company’s continued compliance with all other applicable listing requirements, except for the bid price, and our written notice of intention to cure the deficiency, including the potential use of a reverse stock split if necessary. To regain compliance, the closing bid price of the Company’s ordinary shares must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during this additional 180-day period. If compliance cannot be demonstrated by July 13, 2026, Nasdaq staff will provide written notification that the Company’s securities will be delisted. At that time, the Company may appeal the Nasdaq staff’s determination to a Hearings Panel.

About PTL Limited (NASDAQ: PTLE)

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

What extension did PTL (NASDAQ: PTLE) receive to regain Nasdaq compliance?

PTL was granted an additional 180 calendar days, extending the cure period to July 13, 2026.

Why did Nasdaq extend PTL's compliance deadline to July 13, 2026?

Nasdaq extended the period because PTL remains compliant with other listing rules and provided a written plan to cure the bid-price deficiency.

What bid-price level must PTL (PTLE) achieve to regain compliance?

The closing bid must be at least $1.00 per share for a minimum of 10 consecutive business days during the extension.

When did PTL first receive notice of the Nasdaq bid-price deficiency?

PTL was notified of the deficiency on July 18, 2025.

What happens if PTL (PTLE) cannot demonstrate compliance by July 13, 2026?

Nasdaq staff will notify PTL of delisting and the company may appeal the determination to a Hearings Panel.

Could PTL use a reverse stock split to regain Nasdaq compliance?

Yes, PTL disclosed a written notice of intent to cure that includes the potential use of a reverse stock split if necessary.