CBL International Limited Announces $1.375 million Private Placement to Enhance Port Network and Alternative Energy Development
CBL International Limited - Ordinary Shares (BANL)
Company Research
Source: GlobeNewswire
CBL INTERNATIONAL LIMITED (Incorporated in Cayman Islands with limited liabilities)(NASDAQ: BANL) Hong Kong, Aug. 22, 2024 (GLOBE NEWSWIRE) -- CBL International Limited (the “Company” or “CBL”) (NASDAQ: BANL), the listing vehicle of Banle Group (“Banle” or “the Group”), a reputable marine fuel logistic company in the Asia-Pacific region, today announced the completion of a private placement with an accredited investor (the “Purchasers”) that was signed and disclosed on July 22, 2024. This transaction is part of the Group's broader strategy to enhance its service offerings in port network development and alternative energy sectors. As of August 22, 2024, the Company has fulfilled the closing conditions stipulated in the Securities Purchase Agreement, completed the issuance of 2,500,000 shares of common stock, and received gross proceeds of approximately $1.375 million before deducting any offering expenses payable by the Company. The net proceeds from this private placement will
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BANL
News
- CBL International Limited Announces 1H 2024 Interim Financial Results Highlighted by 44% Revenue GrowthGlobeNewswire
- Banle Group Announces 2024 Interim Results at WebcastGlobeNewswire
- Banle Group Expands Global Port Coverage to Over 60 Ports, Solidifying Leadership in the Marine Fuel Bunkering IndustryGlobeNewswire
BANL
Sec Filings
- 10/24/24 - Form SC
- 10/15/24 - Form 424B3
- 10/15/24 - Form EFFECT
- BANL's page on the SEC website