JBDI Holdings Limited received a Nasdaq Notification due to failing to maintain a minimum bid price of $1.00 over 30 consecutive business days. The company has until July 6, 2026 to regain compliance with the rule. If compliance is not met, they may be eligible for additional time, pending certain requirements. CEO Lim Chwee Poh expressed commitment to meeting listing standards for continued trading. JBDI Holdings specializes in environmentally friendly products and services, focusing on drum revitalization and recycling in Singapore and Southeast Asia. The company aims to help customers achieve zero environmental impact while reducing costs.
Read more at 1. U.S. economy adds 379,000 jobs in February, exceeding expectations. Unemployment rate dropped to 6.2%. – Reuters
2. Johnson & Johnson’s COVID-19 vaccine granted emergency use authorization by FDA. Vaccine is 85% effective in preventing severe disease. – CNBC
3. Tesla announces plans to build new Gigafactory in Texas. Factory expected to create thousands of jobs in the area. – Wall Street Journal
4. GameStop shares surge as company announces plans to pivot to e-commerce business model. Stock price increases by over 100%. – Barchart
5. Amazon launches new healthcare service called Amazon Care for employees in all 50 states. Service includes virtual and in-person consultations. – CBS MarketWatch: JBDI Holdings Announces Receipt of Notice of Delisting or
