An announcement from PTL Limited ( (PTLE) ) is now available.
On April 9, 2025, PTL Limited announced the pricing of its public offering of 23,800,000 ordinary shares at $0.30 per share, aiming to raise approximately $7.14 million. The offering closed on April 11, 2025, with Revere Securities LLC acting as the exclusive placement agent. The proceeds will be used for vessel acquisition, working capital, and general corporate purposes, potentially impacting the company’s operational capacity and market positioning in the marine fuel logistics sector.
More about PTL Limited
PTL Limited, headquartered in Hong Kong, is a bunkering facilitator that provides marine fuel logistics services for vessel refueling. The company primarily serves the Asia Pacific market, focusing on container ships, bulk carriers, general cargo vessels, and chemical tankers. PTL Limited leverages its network within the marine fuel logistics industry to offer comprehensive refueling solutions.
YTD Price Performance: -90.24%
Average Trading Volume: 507,004
Technical Sentiment Signal: Strong Buy
For detailed information about PTLE stock, go to TipRanks’ Stock Analysis page.