PTL Limited Consolidates 1-for-80 Shares, Cutting Outstanding Count to 6.14 Million
PTL Limited approved a 1-for-80 consolidation of its 491,237,500 Class A and 11,250,000 Class B ordinary shares into 6,140,469 Class A and 140,625 Class B shares, effective February 27, 2026, under new CUSIP G7377S127. The move aims to regain compliance with Nasdaq Rule 5550(a)(2) and maintain its listing.
1. Consolidation Approval Details
PTL Limited’s board approved the 1-for-80 share consolidation on February 11, 2026, following shareholder approval on June 16, 2025. The consolidation applies uniformly to both Class A and Class B ordinary shares and will not change individual percentage interests, aside from fractional-share rounding adjustments.
2. Share Count Adjustments
Prior to consolidation, 491,237,500 Class A and 11,250,000 Class B ordinary shares were outstanding. Post-consolidation, these will consolidate into 6,140,469 Class A and 140,625 Class B shares, with any fractional shares rounded up to the next whole share.
3. Nasdaq Compliance Motive
The primary objective of the share consolidation is to meet the minimum bid price requirement under Nasdaq Rule 5550(a)(2). Achieving compliance will enable PTL Limited to maintain its listing on the Nasdaq Capital Market.
4. Effective Date and Trading Details
The consolidation becomes effective with market open on February 27, 2026. Post-consolidation shares will trade under the existing ‘PTLE’ symbol but with a new CUSIP number G7377S127 on the Nasdaq Capital Market.