[SCHEDULE 13D/A] PS International Group Ltd. SEC Filing
Amendment No. 1 to Schedule 13D reports that on August 26, 2025 the reporting persons entered into a Share Purchase Agreement under which Grand Pro Development Limited and Profit Sail SAS Holdings Company Limited sold a combined 15,534,000 ordinary shares of PS International Group Ltd. The filing lists the sale price for recent transactions as $0.308 per share and states that Grand Pro sold 13,534,000 shares while Profit Sail sold 2,000,000 shares. The cover pages show each reporting person now beneficially owns 0 ordinary shares, representing 0% of the class. The amendment attaches a joint filing agreement and the Share Purchase Agreement as exhibits and otherwise incorporates prior Schedule 13D disclosures.
- None.
- Reporting persons sold a combined 15,534,000 ordinary shares of PS International Group Ltd. pursuant to the Share Purchase Agreement.
- Reported sale price for recent transactions was $0.308 per share (Grand Pro sold 13,534,000 shares; Profit Sail sold 2,000,000 shares).
- Cover pages indicate each reporting person now beneficially owns 0 shares, representing 0% of the class.
- Material change in insider ownership documented, which may be significant to investors and governance assessments.
Insights
TL;DR: Significant disposal of issuer shares by reporting persons reduces their ownership to zero, a materially negative development for insider ownership.
The filing documents a contemporaneous sale of 15,534,000 ordinary shares at reported recent trades of $0.308 per share, with Grand Pro disposing of 13,534,000 shares and Profit Sail disposing of 2,000,000 shares under a Share Purchase Agreement dated August 26, 2025. The cover pages indicate the reporting persons now report 0 beneficially owned shares (0%). For investors, the elimination of insider ownership is a material change because it removes aligned insider holdings; the filing properly discloses the transaction and attaches the purchase agreement as an exhibit for verification.
TL;DR: Reporting persons executed a formal sale agreement and filed an amendment that discloses the full divestiture and attached contract details.
The amendment supplements Item 4 and Item 6 by adding a Share Purchase Agreement and exhibits, confirming the governance matter of insider exits. Grand Pro and Profit Sail's aggregate sales and the resulting reported beneficial ownership of 0% are explicitly stated. The filing shows compliance with Schedule 13D reporting obligations and provides the contractual exhibit for review, which is important for shareholders assessing changes in control dynamics or potential related-party considerations.