CBL International raises USD 848,000 in private share placement
BANL•CBL International raised USD 848,000 gross by selling 400,000 Class B ordinary shares at USD 2.12 each. Buyers also received nine-month options to purchase another 200,000 shares at USD 3.18 each, potentially raising an additional USD 636,000.
1. Placement terms
CBL International closed the unregistered placement on October 23, 2026. Berjaya Shipping and Turcom International each bought 200,000 shares, subject to a 180-day lock-up. The subscription price was a 30% discount to the three-trading-day average closing price through October 21. Net proceeds from the placement and any option exercises are earmarked for working capital and general corporate purposes.
