CBL International Limited Announces 1-for-13 Reverse Share Split

CBL International Limited announced a 1-for-13 reverse share split for its Class B ordinary shares, effective July 20, 2026. This action is primarily to regain compliance with Nasdaq's minimum bid price rule. The share consolidation will combine every 13 existing shares into one new share, with par value increasing accordingly. Fractional shares will be rounded up to the nearest whole number. This consolidation was approved by shareholders and the board of directors. The company, a marine fuel logistics provider, expects the new CUSIP number to be G1991X133, while the trading symbol "BANL" remains the same.