CBL International (BANL) Registration Filing summary

Company overview and business model

• Incorporated in the Cayman Islands as a holding company, providing marine fuel logistics and vessel refueling solutions as a bunkering facilitator for international container liner operators.

• Operations are based in Malaysia, Hong Kong, Singapore, and Ireland, with transactions booked outside China.

• Services include arranging vessel refueling, coordinating schedules, providing trade credit, and handling disputes related to marine fuel.

• Focus on expanding port coverage, value-added services, and sustainable fuel supply to meet emission reduction needs.

Financial performance and metrics

• As of January 7, 2025, the aggregate market value of outstanding Ordinary Shares held by non-affiliates was approximately $6.63 million, based on 27.5 million shares outstanding and a per share price of $1.06.

• In August 2024, a private placement raised $1.375 million in gross proceeds for network and alternative energy development, acquisitions, and working capital.

Use of proceeds and capital allocation

• Net proceeds from securities sales will fund growth plans, working capital, and general corporate purposes.

• Recent private placement proceeds allocated to network development, alternative energy, biofuel supply, acquisitions, and general purposes.