Company: PAMT
Filing Date: 2025-04-11
Form Type: SC TO-I/A
Source: 0001174947-25-000571
Chunk: 2

Company: PAMT CORP
Filing Date: 2025-04-11
Form: SC TO-I/A
Chunk 2
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 information contained in the Schedule
TO, the Offer to Purchase, the Letter of Transmittal and the other documents that constitute part of the Offer remain unchanged.

All information set forth
in the Offer to Purchase, which was previously filed with the Schedule TO, is hereby incorporated by reference except that such information
is hereby amended and supplemented to the extent expressly provided herein. Such information amends and supplements the information previously
incorporated by reference in this Schedule TO. This Amendment No. 1 should be read in conjunction with the Schedule TO, the Offer to Purchase,
the Letter of Transmittal and the other documents that constitute part of the Offer, as each may be further amended or supplemented from
time to time.

The below Items are hereby
amended and supplemented as follows:

Item 1. Summary Term Sheet.

Item 1 is hereby amended
as follows:

The Offer to Purchase is
revised such that all references to a minimum purchase price of $14.00 per share are hereby deleted and replaced with $14.50 per share, and the option to select $14.00 as the price (in dollars) per share at which shares are being tendered is hereby deleted.

Item 2. Subject Company Information.

Item 2(b) is hereby amended
as follows:

The Offer to Purchase is
revised such that all references to a minimum purchase price of $14.00 per share are hereby deleted and replaced with $14.50 per share.

Item 4. Terms of the Transaction.

Items 4(a) and 4(b) are hereby
amended as follows:

The Offer to Purchase is
revised such that all references to a minimum purchase price of $14.00 per share are hereby deleted and replaced with $14.50 per share.

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Item 11. Additional Information.

Item 11(a) is hereby amended
and supplemented as follows:

On April 11, 2025, the Company
filed its Definitive Proxy Statement on Schedule 14A. The Definitive Proxy Statement is incorporated herein by reference.

Item 11(c) is hereby amended
and supplemented as follows:

| 1. | The Offer to Purchase is revised such that all references to a minimum purchase price of $14.00 per share 
 are hereby deleted and replaced with $14.50 per share.                                                    |

| 2. | The Letter of Transmittal is revised such that all references to a minimum purchase price of