JBDI Holdings Limited received notice from Nasdaq for not meeting minimum bid price requirement

From Globe Newswire: 2024-12-16 17:35:00

JBDI Holdings Limited received a notice from Nasdaq stating it is not in compliance with the $1.00 minimum bid price requirement for its ordinary shares. The company has until June 10, 2025, to meet this requirement. If not, they may be given an additional 180 days to comply. The company may consider options like a reverse stock split to regain compliance. JBDI Holdings specializes in environmentally friendly products and services, focusing on drum reconditioning and recycling in Singapore and Southeast Asia. For more information, visit their website. Investors can contact Matthew Abenante for more information.



Read more at Globe Newswire: JBDI HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ