Recent Updates — PSIG
PS International Group Ltd. reported a net loss of $10,064,745 for the six months ended June 30, 2026, compared to a net loss of $415,198 in the prior year period. The widening loss was primarily driven by an $11.8 million non-cash charge from changes in the fair value of warrant liabilities and $233,728 in interest expense, partially offset by a $628,406 gain on settlement of warrant liabilities and $2.5 million in gains on marketable equity securities. Revenue increased 14% to $26.5 million from $23.2 million, while gross profit expanded to $129,761 from $212,000. The company also completed a cashless exercise of warrants, issuing approximately 6.75 million additional shares and reducing its accumulated deficit to $25.1 million. PS International Group Ltd. operates as a freight forwarding service provider with global networks.
PS International Group Ltd. received a Nasdaq deficiency letter on August 12, 2026, for failing to maintain the minimum Market Value of Listed Securities (MVLS) of US$35 million required for continued listing. The company also failed alternative standards requiring stockholders’ equity of at least US$2.5 million or net income from continuing operations of US$500,000. Nasdaq granted a 180-day compliance period ending February 8, 2027, during which the MVLS must close above US$35 million for ten consecutive business days to regain compliance. Failure to meet this threshold will result in formal delisting notification, subject to appeal. Shares continue trading under symbol PSIG. PS International Group Ltd. operates as a global logistics and supply chain solution provider specializing in air and ocean freight forwarding.
PS International Group Ltd. has issued a notice for an extraordinary general meeting of shareholders to be held on August 18, 2026. The meeting will consider proposals to adopt a third amended and restated memorandum and articles of association and to significantly increase the company's authorized share capital. The proposed change would increase authorized capital from US$50,000, divided into 62,500,000 shares, to US$8,000,000, divided into 10,000,000,000 shares. Shareholders of record as of July 28, 2026, are entitled to vote. The company is a Cayman Islands exempted company.