JBDI Holdings Ltd Stock Price, News & Analysis

JBDI Holdings Limited (NASDAQ: JBDI) has successfully regained compliance with Nasdaq's periodic filing requirements under Listing Rule 5250(c)(1). The company received confirmation from Nasdaq on June 9, 2025, following the filing of its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024 and 2023, submitted via Form 6-K on June 5, 2025. CEO Lim Chwee Poh expressed satisfaction with the compliance status, emphasizing that the company can now concentrate on creating long-term shareholder value with its periodic filings up to date.

JBDI Holdings Limited (NASDAQ: JBDI) announced it has regained compliance with Nasdaq's minimum bid price requirement after maintaining a closing bid price of $1.00 or higher for eleven consecutive business days from May 16 through June 2, 2025. The company had previously received a deficiency notice in December 2024. Additionally, JBDI received a separate deficiency notice on June 3, 2025, regarding failure to file interim financial statements. However, the company promptly filed its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024 and 2023 on June 5, 2025, and intends to notify Nasdaq to regain compliance with listing requirements.

JBDI Holdings (NASDAQ: JBDI) has announced a US$1.0 Million share repurchase program approved by its Board of Directors. The company plans to execute the buyback through various means, including open market purchases at prevailing prices, private transactions, and block trades. The implementation will be subject to market conditions and comply with applicable regulations. The Board will conduct periodic reviews of the program and may adjust its terms and size accordingly.

JBDI Holdings has received a notification from Nasdaq on December 12, 2024, indicating non-compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company has been given until June 10, 2025 to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.

While trading continues under the symbol 'JBDI', the company is monitoring the situation and considering options including a potential reverse stock split. If compliance isn't achieved by the deadline, JBDI may receive an additional 180-day extension to meet the requirement.

JBDI Holdings (Nasdaq: JBDI), a leading provider of environmentally friendly drum and container reconditioning and recycling services in Singapore and Southeast Asia, has successfully closed its initial public offering (IPO). The company raised $11.25 million by offering 2,250,000 ordinary shares at $5.00 per share. Of these, 1,750,000 shares were offered by the company, while 500,000 were from selling shareholders. Trading began on the Nasdaq Capital Market on August 27, 2024, under the ticker symbol 'JBDI'. Wilson-Davis & Co., Inc. acted as the lead underwriter for the offering. The IPO proceeds will be used to fund JBDI's growth initiatives, excluding any sales by selling shareholders.

JBDI Holdings (Nasdaq: JBDI), a leading provider of eco-friendly drum and container reconditioning and recycling services in Singapore and Southeast Asia, has announced the pricing of its initial public offering. The company is offering 2,250,000 ordinary shares at $5.00 per share, aiming to raise $11.25 million in gross proceeds. Of these shares, 1,750,000 are being offered by the company, while 500,000 are from selling shareholders. Trading on the Nasdaq Capital Market is set to begin on August 27, 2024, under the ticker symbol 'JBDI'. The offering is expected to close around August 28, 2024, subject to customary conditions. Wilson-Davis & Co. is acting as the lead underwriter for this IPO.