PTL Limited (PTLE), a bunkering facilitator, on Thursday said it has been granted a 180-day extension by Nasdaq, through July 13, 2026, to regain compliance with the exchange's $1.00 minimum bid price requirement.
The company said it was notified on July 18, 2025, that its shares were no longer in compliance with the minimum bid price rule.
According to PTL, the extension was granted based on its continued compliance with all other Nasdaq listing standards and the submission of a written plan to cure the bid price deficiency, including the possible use of a reverse stock split.
On Wednesday, PTL shares closed at $0.1075, down 2.71%.
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