Hong Kong S.A.R., Jan. 22, 2026 — PTL Limited (NASDAQ: PTLE) (“PTL” or the “Company”) disclosed that it received correspondence from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on January 20, 2026, granting the Company an additional 180 calendar days, or until July 13, 2026, to satisfy the $1.00 per share minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
The Company was first notified on July 18, 2025, that its listed security had fallen below Nasdaq’s minimum $1.00 per share bid price requirement. Although measures were taken, the share price failed to achieve compliance during the initial 180-day grace period that concluded on January 14, 2026. Nevertheless, Nasdaq Staff has concluded that PTL Limited qualifies for a supplementary 180-day extension, expiring July 13, 2026, to achieve compliance. This extension has been approved because the Company remains in compliance with all other applicable listing standards, aside from the bid price requirement, and has submitted written confirmation of its plan to remedy the shortfall, which may involve a reverse stock split if required. To achieve compliance, the closing bid price of the Company’s ordinary shares must reach at least $1.00 per share for no fewer than 10 consecutive trading days during this extended period. Should the Company fail to demonstrate compliance by July 13, 2026, Nasdaq staff will issue written notice of the delisting of the Company’s securities. In such event, the Company retains the right to appeal Nasdaq staff’s decision to a Hearings Panel.
About PTL Limited (NASDAQ: PTLE)
Based in Hong Kong, the Company operates as a recognized bunkering facilitator that delivers marine fuel logistics services for ship refueling, focusing primarily on container ships, bulk carriers, general cargo vessels, and chemical tankers. Serving the Asia Pacific region, the Company utilizes its strong relationships and collaborative partnerships within its well-established marine fuel logistics network, encompassing both upstream suppliers and downstream customers, to offer a comprehensive, one-stop solution for vessel refueling.
Forward-Looking Statements
This announcement contains certain forward-looking statements. These statements are subject to known and unknown risks and uncertainties and reflect the Company’s current expectations and forecasts regarding future events that could impact its financial position, operational performance, business strategy, and capital requirements. Investors can identify many (though not all) of these statements through terms such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and comparable expressions. While the Company considers the expectations reflected in these forward-looking statements to be reasonable, it cannot guarantee that these expectations will prove accurate. The Company advises investors that actual outcomes may vary significantly from projected results and recommends that investors review the risk factors outlined in the Company’s annual report and other SEC filings prior to making investment decisions concerning the Company’s securities. Except as legally required, the Company assumes no duty to publicly update or revise any forward-looking statements to account for subsequent events or circumstances or for changes in its expectations.
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