CBL International Ltd (BANL) Form 6-K — Oct 23, 2026
CBL International (BANL) closed a private placement on October 23, 2026, selling 400,000 Class B ordinary shares at US$2.12 each — a 30% discount to its three-day average closing price — to Berjaya Shipping Limited and Turcom International Limited, raising US$848,000 gross. Each purchaser also received, free of charge, an option for 100,000 additional shares at US$3.18 (a 50% premium to the subscription price), exercisable over nine months for up to US$636,000 in additional proceeds. Shares carry a 180-day lock-up and resale registration rights on Form F-3.
Key figures
- Gross Proceeds
- 848000
- Offering Price
- 2.12
- Shares Offered
- 400000
- Lockup days
- 180
- Discount to market
- 30%
- Option term months
- 9
- Shares per purchaser
- 200000
- Option exercise price
- 3.18
- Option shares aggregate
- 200000
- Option potential proceeds
- 636000
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