Core Points - PTL Limited has received a notice from Nasdaq indicating non-compliance with the minimum market value of listing securities (MVLS) requirement of US$35 million for its Class A Ordinary Shares [1][2] - The company has until January 14, 2026, to regain compliance by maintaining an MVLS of US$35 million or more for at least ten consecutive business days [1][4] - Additionally, the company has been notified that its Class A Ordinary Shares have been trading below the minimum bid price of US$1.00 per share for the last 30 consecutive business days [3][4] - The company is provided with a 180-day compliance period to address both the MVLS and minimum bid price deficiencies [4][5] - The company intends to monitor its market value and take necessary measures to regain compliance within the grace period [2][5] Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [6] - The company targets the Asia Pacific market and leverages its established network and partnerships within the marine fuel logistics industry to offer a one-stop solution for vessel refueling [6]
PTL Limited Announces Receipt of Notice from Nasdaq Regarding Listing Rule 5550(b)(2) and 5550(a)(2)