CBL International Ltd

CBL International Limited announced a private placement of 400,000 Class B ordinary shares to Berjaya Shipping Limited and Turcom International Limited for $848,000 in gross proceeds. The shares were sold at a discounted price of $2.12 per share. In conjunction with the placement, the company granted options to purchase up to 200,000 additional shares at $3.18 per share, potentially raising another $636,000. The net proceeds will be used for working capital and general corporate purposes. A 180-day lock-up period applies to the shares sold.

CBL International Limited announced it has regained compliance with Nasdaq's minimum bid price requirement, as confirmed by a formal notification from the Nasdaq Listing Qualifications Department on August 3, 2026. The company had previously received a non-compliance notice in August 2025 and was granted an extension until August 10, 2026, to cure the deficiency. Compliance was achieved after CBL International effected a 1-for-13 share consolidation on July 20, 2026, which resulted in its Class B ordinary shares trading at or above $1.00 for 20 consecutive business days.

CBL International Limited announced a 1-for-13 reverse share split for its Class A and Class B ordinary shares, effective for trading on July 20, 2026. This action is primarily intended to enable the company to regain compliance with Nasdaq's minimum bid price requirement. The split will result in a new CUSIP number for the Class B Ordinary Shares, and any fractional shares will be rounded up to the next whole number.

CBL International Ltd held its 2026 Annual General Meeting on April 28, 2026, where shareholders approved all proposed resolutions. The re-election of Mr. Yuan He, Dr. Teck Lim Chia, and Mr. Khai Fei Wong as directors for a three-year term was approved. Additionally, the appointment of MRI Moores Rowland LLP as the independent registered public accounting firm for the fiscal year ended December 31, 2025, was ratified.