PTL Limited shares surge 20.65% premarket after Nasdaq grants 180-day compliance extension to avoid delisting.

PTL Limited (PTLE) surged 20.65% in premarket trading following the announcement that it was granted an additional 180-day grace period by Nasdaq to regain compliance with listing requirements. This development alleviated concerns over potential delisting, providing the company with extended time to address regulatory shortcomings and stabilize its position. While prior news, such as a $7.14 million public offering and financial results, were reported, they were associated with negative intraday price movements. The grace period, however, directly addresses regulatory uncertainty, making it the most plausible catalyst for the premarket rally.