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PTL Limited Announces Closing of $7.14 Million Public Offering of its Ordinary Shares

1. PTLE closed a public offering of 23.8 million shares at $0.30 each. 2. The company raised approximately $7.14 million in gross proceeds. 3. The offering was registered with the SEC on March 31, 2025. 4. PTLE provides marine fuel logistics in the Asia Pacific market. 5. Forward-looking statements indicate uncertainty in financial condition.

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Why Bullish?

Raising $7.14 million can enhance liquidity and support growth initiatives. Similar past offerings led to increased operational capacity and share price recovery for firms in this sector.

How important is it?

The public offering enhances capital, crucial for PTLE's strategic initiatives in a competitive market, directly impacting stock performance.

Why Short Term?

Investors may respond quickly to short-term liquidity improvement. Successful use of funds in operations can impact share price within one year.

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April 11, 2025 16:15 ET  | Source: PTL Limited Hong Kong, April 11, 2025 (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 closing of its public offering (the “Offering”) of 23,800,000 ordinary shares at a public offering price of $0.30 per ordinary share. Gross proceeds, before deducting placement agent fees and other offering expenses, were approximately $7.14 million. Revere Securities LLC acted as exclusive placement agent in connection with the Offering. Pacific Century Securities, LLC acted as advisor to the Company in connection with the Offering. Ortoli Rosenstadt LLP acted as U.S. securities to the Company regarding U.S. securities law matters. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel for the placement agent. The securities described above were being offered pursuant to a registration statement on Form F-1, as amended (File No. 333-286108) (the “Registration Statement”), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 31, 2025. The Offering was being made only by means of a prospectus forming a part of the Registration Statement. A final prospectus relating to the Offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus relating to the Offering may be obtained from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY 10022, at +1 (212) 688-2350. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About PTL Limited Headquartered in Hong Kong, we are an established bunkering facilitator providing marine fuel logistics services for vessel refueling, primarily container ships, bulk carriers, general cargo vessels, and chemical tankers. Targeting and serving the Asia Pacific market, we leverage our close relationships and partnership within our established network in the marine fuel logistic industry, including the upstream suppliers and downstream customers, to provide a one-stop solution for vessel refueling. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. For investor and media inquiries, please contact: PTL LimitedInvestor RelationsEmail: info@petrolinkhk.com 

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