Company Overview - PTL Limited is an established bunkering facilitator providing marine fuel logistics services for vessel refueling, primarily targeting container ships, bulk carriers, general cargo vessels, and chemical tankers in the Asia Pacific market [5]. Offering Details - The company announced a public offering of 23,800,000 ordinary shares at a price of $0.30 per share, with expected gross proceeds of approximately $7.14 million before deducting fees and expenses [1][2]. - The offering is expected to close on April 10, 2025, subject to customary closing conditions [2]. Regulatory Information - The securities are being offered pursuant to a registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on March 31, 2025 [3]. - A preliminary prospectus has been filed with the SEC, and copies of the final prospectus will be available from Revere Securities LLC [3].
PTL Limited Announces Pricing of $7.14 Million Public Offering of its Ordinary Shares