PTL receives nasdaq listing compliance notices for market value and share price

HONG KONG - PTL Limited (NASDAQ:PTLE), whose shares have plummeted 97.87% year-to-date to $0.22, has received two compliance notices from Nasdaq regarding its continued listing status, according to a press release statement issued Thursday.

On July 18, the company was notified that it fails to meet the minimum market value of listed securities (MVLS) requirement of $35 million for continued listing on the Nasdaq Capital Market. With a current market capitalization of just $8.49 million and a "WEAK" overall financial health score according to InvestingPro, the company has until January 14, 2026 to regain compliance by maintaining an MVLS of at least $35 million for a minimum of ten consecutive business days.

On the same day, PTL also received a notification that for the past 30 consecutive business days, its Class A Ordinary Shares have traded below the minimum bid price requirement of $1.00 per share. The company has been granted a 180-day compliance period, also ending January 14, 2026, to meet this requirement.

If PTL fails to regain compliance with the minimum bid price requirement by the deadline, it may be eligible for an additional 180-day compliance period if it meets other Nasdaq Capital Market listing standards.

The Hong Kong-based company, which provides marine fuel logistics services for vessel refueling, stated that the notifications do not immediately affect the listing or trading of its shares on Nasdaq, which continue to trade under the symbol PTLE.

PTL indicated it will monitor its market value and share price, and intends to take "all reasonable measures" to regain compliance within the prescribed grace periods. While the company maintains more cash than debt on its balance sheet, InvestingPro analysis reveals several challenges, including weak gross profit margins of 2.45% and negative returns on equity. InvestingPro subscribers have access to 8 additional key insights about PTL’s financial position and market performance.

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