CBL International 10% holder files to sell 100K shares

Rhea-AI Filing Summary

CBL International Ltd (BANL) has a notice from 10% stockholder Straits Energy Resources Berhad filing to sell up to 100,000 Class B Ordinary Shares under Rule 144 through broker Eddid Securities USA Inc. The proposed sale has an aggregate market value of $1,524,000, based on a $15.24 closing price on August 31, 2026, and references 1,085,496 Class B Ordinary Shares outstanding for calculation purposes as of the filing. The shares were originally acquired on August 16, 2022 via a share swap, and the filing notes that this acquisition amount is not adjusted for a 1-for-13 reverse stock split effected on July 20, 2026.

Key Figures

Shares to be sold: 100,000 Class B Ordinary Shares Aggregate market value: $1,524,000 Closing price used: $15.24 per share +5 more

8 metrics

Shares to be sold 100,000 Class B Ordinary Shares Maximum number of BANL shares covered by the Rule 144 notice

Aggregate market value $1,524,000 Value of 100,000 shares based on $15.24 closing price on August 31, 2026

Closing price used $15.24 per share BANL Class B Ordinary Shares closing price on August 31, 2026 used for Form 144

Shares outstanding basis 1,085,496 Class B Ordinary Shares Class B shares outstanding used for Section 3 calculations

Shares originally acquired 8,075,000 Class B Ordinary Shares Number of shares acquired on August 16, 2022 via share swap, pre-split

Reverse stock split ratio 1-for-13 reverse stock split Reverse stock split effected by issuer on July 20, 2026

Proposed sale date September 8, 2026 Approximate date of sale for the Rule 144 transaction

Acquisition date August 16, 2022 Date the reported Class B Ordinary Shares were acquired via share swap

Key Terms

Rule 144, Class B Ordinary Shares, reverse stock split, share swap, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Class B Ordinary Shares financial

"Class B Ordinary Shares | Eddid Securities USA Inc."

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

reverse stock split financial

"NOT BEEN ADJUSTED TO REFLECT THE 1-FOR-13 REVERSE STOCK SPLIT EFFECTED"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

share swap financial

"THE NUMBER OF CLASS B ORDINARY SHARES ACQUIRED ON AUGUST 16, 2022 THROUGH THE SHARE SWAP"

A share swap is an exchange where shareholders of one company receive shares in another company instead of cash, typically as part of a merger or acquisition. It matters to investors because it changes who owns what — like trading tickets to sit in a different section of the same stadium — which can affect the value of holdings, voting power, future dividends, and the risk profile of an investment.

10% stockholder financial

"10% stockholder"

FAQ

What did CBL International Ltd (BANL) disclose in this Form 144 filing?

The filing reports that 10% stockholder Straits Energy Resources Berhad has filed a notice under Rule 144 to potentially sell up to 100,000 Class B Ordinary Shares of CBL International Ltd through Eddid Securities USA Inc. on Nasdaq.

How many BANL shares may be sold under this Form 144 and at what total value?

The notice covers up to 100,000 Class B Ordinary Shares of BANL with an aggregate market value of $1,524,000, calculated using a $15.24 per share closing price on August 31, 2026.

Who is selling BANL shares under this Rule 144 notice?

The person for whose account the securities are to be sold is Straits Energy Resources Berhad, identified as a 10% stockholder of CBL International Ltd (BANL).

When were the BANL shares to be sold under Form 144 originally acquired?

The Class B Ordinary Shares to be sold were originally acquired on August 16, 2022 through a share swap with CBL International Ltd, as disclosed in the Form 144 acquisition section.

What share count and price assumptions does the BANL Form 144 use?

The filing states that calculations are based on 1,085,496 Class B Ordinary Shares outstanding and a $15.24 closing price on August 31, 2026. It also notes a 1-for-13 reverse stock split effected on July 20, 2026.

Does the BANL Form 144 adjust the acquired shares for the reverse stock split?

No. The filing specifies that the 8,075,000 Class B Ordinary Shares acquired on August 16, 2022 via share swap, shown in the “Securities to be Sold” section, have not been adjusted for the 1-for-13 reverse stock split on July 20, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 06:05 AM Accepted by SEC EDGAR 09/04/2026 - 06:05 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001948937
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CBL International Ltd
SEC File Number	001-41657
Address of Issuer	Level 23-2, Menara Permata Sapura Kuala Lumpur City Centre, Kuala Lumpur MALAYSIA 50088
Phone	60-3-2706-8280
Name of Person for Whose Account the Securities are To Be Sold	Straits Energy Resources Berhad
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class B Ordinary Shares	Eddid Securities USA Inc. 40 Wall Street, Suite 1606, New York, NY 10005	100000	1524000.00	1085496	09/08/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class B Ordinary Shares	08/16/2022	Share Swap	CBL International Ltd			8075000	08/16/2022	Share Swap

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	SECTION 3C BASED ON CLASS B ORDINARY SHARES. SECTION 3D BASED ON CLOSING PRICE OF USD 15.24 ON AUGUST 31, 2026. SECTION 3E SHARES OR OTHER UNITS OUTSTANDING BASED ON CLASS B ORDINARY SHARES. THE NUMBER OF CLASS B ORDINARY SHARES ACQUIRED ON AUGUST 16, 2022 THROUGH THE SHARE SWAP, WHICH IS BEING REPORTED IN THE "SECURITIES TO BE SOLD" SECTION, HAS NOT BEEN ADJUSTED TO REFLECT THE 1-FOR-13 REVERSE STOCK SPLIT EFFECTED BY THE ISSUER ON JULY 20, 2026.
Date of Notice	09/04/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/04/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Kam Choy Ho
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)