PTL Ltd

NASDAQ:PTLEUnited States

Nov 6, 2024

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• PTL Raises $750,000 From Underwriters' Exercise of IPO Overallotment Option, from 12:00PM ET on Wednesday Nov 06, 2024 by MT Newswires

  12:00PM ET on Wednesday Nov 06, 2024 by MT Newswires
  Companies Mentioned: PTLE
  12:00 PM EST, 11/06/2024 (MT Newswires) -- PTL (PTLE) said Wednesday the underwriters of the company's initial public offering exercised an overallotment option in full, raising an additional $750,000 for the operator of marine fuel logistics servic...

• PTL Limited Announced Full Exercise of Underwriter's Over-Allotment Option, from 11:30AM ET on Wednesday Nov 06, 2024 by Dow Jones

  11:30AM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: PTLE
  
  PTL Limited Announced Full Exercise of Underwriter's Over-Allotment Option
  
  Hong Kong, Nov. 06, 2024 (GLOBE NEWSWIRE) -- PTL Limited (Nasdaq: PTLE) (the "Company"), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced that the underwriters of its previously announced initial public offering (the "Offering") have exercised their over-allotment option (the "Over-Allotment Option") in full to purchase an additional 187,500 ordinary shares at the public offering price of $4.00 per share, resulting in additional gross proceeds of $0.75 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of ordinary shares sold by the Company in the Offering increased to 1,437,500 ordinary shares and the gross proceeds increased to $5.75 million, before deducting underwriting discounts and other related expenses. The Over-Allotment Option closing date was November 6, 2024. The ordinary shares began trading on the Nasdaq Capital Market October 16, 2024 under the symbol "PTLE."