PTL Limited Announces Pricing of $5 million Initial Public Offering and Listing on Nasdaq
PTL LTD - Ordinary Shares (PTLE)
Company Research
Source: GlobeNewswire
Hong Kong, Oct. 15, 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 the pricing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares (the “Ordinary Shares”), at a price of $4.00 per Ordinary Share (the “Offering Price”). The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on October 16, 2024 under the symbol “PTLE.”The Offering is expected to close on October 17, 2024, subject to the satisfaction of customary closing conditions. The Company expects to receive aggregate gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 Ordinary Shares of the Company, at the Offering Price, re
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