Company: PAMT
Filing Date: 2025-04-11
Form Type: SC TO-I/A
Source: 0001174947-25-000571
Chunk: 1

Company: PAMT CORP
Filing Date: 2025-04-11
Form: SC TO-I/A
Chunk 1
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 a Nevada corporation
(“PAMT” or the “Company”), hereby amends and supplements its Tender Offer Statement on Schedule TO originally
filed with the Securities and Exchange Commission on April 3, 2025 (together with all amendments and supplements thereto, the “Schedule
TO”). The Schedule TO, as amended and supplemented by this Amendment No. 1, relates to the Company’s offer to purchase for
cash up to 435,000 shares of its common stock, par value $0.01 per share (the “common stock”). The purpose of this Amendment
No. 1 is to amend and supplement the Schedule TO to reflect a change in the minimum price the Company has offered to pay to purchase the
common stock and to incorporate the Company’s Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange
Commission on April 11, 2025. In this Amendment No. 1, the Company has offered to purchase the common stock at a price not greater than
$17.00 nor less than $14.50 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company’s
offer is being made upon the terms and subject to the conditions set forth in the original Offer to Purchase, dated April 3, 2025 (the
“Offer to Purchase”), previously filed as Exhibit (a)(1)(A) to the Schedule TO, and the related Letter of Transmittal (the
“Letter of Transmittal”), previously filed as Exhibit (a)(1)(B) to the Schedule TO, as amended and supplemented by this Amendment
No.1 (which, as amended and supplemented from time to time, together constitute the “Offer”). Procedures for tendering the
common stock are set forth in Section 3 of the Offer to Purchase. Tendering stockholders may continue to use the Letter of Transmittal
which was previously circulated. While that Letter of Transmittal indicates the Company 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, and any
shares tendered in the Offer at any price below $14.50 per share shall be deemed to have been tendered at $14.50 per share.

Only those items reported
in this Amendment No. 1 are amended or supplemented. Except as specifically provided herein, the