Financing ·
CBL raises $848K via private placement of Class B shares at $2.12
BANLCBL International Ltd
CBL International Limited closed a private placement on October 23, 2026, issuing 400,000 Class B ordinary shares to Berjaya Shipping Limited and Turcom International Limited at $2.12 per share, generating gross proceeds of $848,000. Each purchaser received an option to buy up to 100,000 additional shares at $3.18 per share, potentially raising another $636,000 if fully exercised within nine months. The company intends to use the net proceeds for working capital and general corporate purposes. Shares are subject to a 180-day lock-up period.