12:49 PM EDT, 04/11/2025 (MT Newswires) -- PAMT ( PAMT ) said Friday it was raising the lower end of its previously announced tender offer range to a minimum of $14.50 to buy back up to 435,000 shares, up from $14 apiece previously.

The company's offer has a ceiling of $17, which remains unchanged.

Any share tendered below $14.50 will be deemed to have been tendered at the floor price, PAMT ( PAMT ) said.

The offer will last until May 1 and see the company buy back about 2% of its outstanding common stock if fully tendered.

PAMT ( PAMT ) shares were up nearly 4% in recent trading.

Price: 13.72, Change: +0.49, Percent Change: +3.70