PTL shares rise 10.89% after-hours after Nasdaq grants 180-day compliance extension to meet $1 bid price.

PTL Limited surged 10.89% in after-hours trading following Nasdaq’s decision to grant the company an additional 180 days to meet the $1 minimum bid price requirement, extending the compliance deadline to July 13, 2026. The extension provides the firm with more time to address liquidity concerns and potentially implement a reverse stock split to avoid delisting. The news directly addresses regulatory risks that had previously pressured the stock, offering investors renewed confidence in the company’s ability to maintain its listing. While PTL Enterprises Limited’s board meeting and Q3FY26 results were reported, these events pertain to a separate entity (PTL Enterprises) and are unrelated to PTL Limited’s (PTLE) price movement. The primary catalyst for the after-hours rally was Nasdaq’s regulatory leniency, which mitigates immediate delisting threats and aligns with the stock’s upward trajectory.