PTL Limited (PTLE) issues 250,000,000 new shares for US$6,250,000

Rhea-AI Filing Summary

PTL Limited completed a registered direct offering of 250,000,000 Class A ordinary shares at a price of US$0.025 per share, raising aggregate gross proceeds of US$6,250,000.

The shares were sold to unrelated third-party investors under existing Form F-3 shelf registration. The transaction closed on February 6, 2026, after board approval and customary conditions. PTL plans to use the net proceeds for vessel acquisition, working capital, and general corporate purposes, supporting its fleet and day-to-day operations.

Insights

Equity capital markets analyst

PTL raises US$6,250,000 via a registered direct equity offering, adding cash while diluting existing shareholders.

PTL Limited entered securities purchase agreements on February 4, 2026 with unrelated investors to sell 250,000,000 Class A ordinary shares at US$0.025 per share. The transaction, executed as a registered direct offering under an effective Form F-3 shelf, produced aggregate gross proceeds of US$6,250,000.

The offering closed on February 6, 2026 following board approval and customary closing conditions, including legal opinions on the validity of the shares. The company states it intends to allocate the net proceeds to vessel acquisition, working capital, and general corporate purposes, indicating a mix of growth investment and liquidity support.

From an equity perspective, the deal injects new capital but increases the share count, so the economic impact depends on the size of this issuance relative to existing outstanding shares and how effectively vessel acquisitions and other uses of funds contribute to future results.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission File Number: 001-42293

PTL LIMITED

(Translation of registrant’s name into English)

21 Bukit Batok Crescent

#24-71, WCGEGA Tower

Singapore 658065

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT 

On February 4, 2026, PTL Limited (the “Company”) entered into securities purchase agreements (the “Securities Purchase Agreements”) with certain investors named thereto, each an unrelated third party to the Company (collectively, the “Purchasers”). Pursuant to the Securities Purchase Agreements, the Purchasers agreed to subscribe for and purchase, and the Company agreed to issue and sell to the Purchasers, an aggregate of 250,000,000 Class A ordinary shares, with no par value per share (the “Class A Ordinary Shares”) of the Company, at a purchase price of US$0.025 per share, and for an aggregate purchase price of US$6,250,000 in a registered direct offering (“Registered Direct Offering”). The Securities Purchase Agreements contain customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions.

On February 6, 2026, the Company closed the Registered Direct Offering. The Company received aggregate gross proceeds of approximately US$6,250,000. The Company intends to use the net proceeds from the Registered Direct Offering for vessel acquisition, working capital, and general corporate purposes.

The Class A Ordinary Shares were offered by the Company pursuant to a registration statement on Form F-3 (File No. 333-291441) (the “Registration Statement”), initially filed with the U.S. Securities and Exchange Commission (the “Commission”) on November 12, 2025 and became effective on December 2, 2025 in accordance with the provisions of Section 8(a) of the Securities Act, the base prospectus filed as part of the Registration Statement, and the prospectus supplement dated February 5, 2026 (the “Prospectus Supplement”). The Securities Purchase Agreements, the transactions contemplated thereby, and the issuance of the Class A Ordinary Shares have been approved by the Company’s board of directors.

The foregoing description of the Securities Purchase Agreements does not purport to be complete and is qualified in its entirety by reference to the form of Securities Purchase Agreement, which is filed as Exhibit 10.1 to this Form 6-K.

A copy of the opinion of Ogier, BVI counsel of the Company, regarding the validity of the issuance and sale of the Class A Ordinary Shares is filed as Exhibit 5.1 hereto.

This Report is incorporated by reference into the registration statement on Form F-3 (File No. 333-291441) of the Company, filed with the Commission, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

This Report shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended December 31, 2024, filed with the Commission on May 15, 2025, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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Exhibit Index

Exhibit No.		Description
5.1		Opinion of Ogier, BVI counsel of PTL Limited, regarding the validity of securities being registered
10.1		Form of Securities Purchase Agreement, dated February 4, 2026, by and among the Company and the purchasers thereto

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PTL Limited
	By:	/s/ Ying Ying Chow
	Name:	Ying Ying Chow
	Title:	Chief Executive Officer

Date: February 6, 2026

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FAQ

What did PTL Limited (PTLE) announce in its February 2026 Form 6-K?

PTL Limited disclosed it completed a registered direct offering of 250,000,000 Class A ordinary shares at US$0.025 per share, generating aggregate gross proceeds of US$6,250,000. The transaction was executed with unrelated third-party investors under an effective Form F-3 shelf registration.

How much capital did PTL Limited raise in the latest share offering?

PTL Limited raised aggregate gross proceeds of approximately US$6,250,000 by selling 250,000,000 Class A ordinary shares at a purchase price of US$0.025 per share. The sale occurred through securities purchase agreements with certain unrelated investors named in those agreements.

What will PTL Limited use the US$6,250,000 in proceeds for?

PTL Limited intends to use the net proceeds from the registered direct offering for vessel acquisition, working capital, and general corporate purposes. This allocation mixes growth-focused spending on fleet expansion with funding for daily operations and broader company needs as determined by management.

When did PTL Limited close its registered direct offering of shares?

PTL Limited closed its registered direct offering on February 6, 2026. The company had entered the securities purchase agreements on February 4, 2026, and completed the sale after satisfying customary closing conditions and receiving board approval for the issuance of the new shares.

Under which registration statement did PTL Limited issue the new shares?

The Class A ordinary shares were issued under PTL Limited’s registration statement on Form F-3, File No. 333-291441. That registration statement was initially filed on November 12, 2025 and became effective on December 2, 2025, with a base prospectus and a prospectus supplement dated February 5, 2026.

Who purchased the 250,000,000 new PTL Limited Class A ordinary shares?

The 250,000,000 Class A ordinary shares were purchased by certain investors identified in securities purchase agreements, each described as an unrelated third party to PTL Limited. These purchasers subscribed for and bought the shares directly from the company in the registered direct offering.