PAMT Corp Increases The Minimum Purchase Price In Its Modified "Dutch Auction" Tender Offer To Purchase Up To 435,000 Shares Of Its Common Stock, Par Value $0.01 Per Share. Company Is Offering To Purchase Its Common Stock At A Price per Share Not Less Than $14.50 And Not Greater Than $17.00

PAMT CORP (NASDAQ:PAMT) (the "Company") today announced that it has increased the minimum purchase price in its modified "Dutch auction" tender offer (the "Offer") to purchase up to 435,000 shares of its common stock, par value $0.01 per share (the "common stock"). The Company is offering to purchase its common stock at a price per share not less than $14.50 and not greater than $17.00. Tendering stockholders may continue to use the Letter of Transmittal which was previously circulated. While that Letter of Transmittal indicates that PAMT is offering to pay $14.00 to $17.00 per share, stockholders using that Letter of Transmittal will nevertheless be subject to the increased minimum of $14.50 per share. Any shares tendered at a price below $14.50 per share will be deemed to have been tendered at $14.50 per share.

Except as set forth herein, the complete terms and conditions of the tender offer remain the same as set forth in the Offer to Purchase dated April 3, 2025, and the related Letter of Transmittal.

The Offer will expire at 5:00 p.m., Eastern Time, on May 1, 2025, unless extended or withdrawn, and shares properly tendered will remain tendered unless withdrawn by the tendering stockholder on or before the expiration of the Offer.