JBDI Holdings Regains Compliance with Nasdaq’s Periodic Filing Requirement

JBDI Holdings Limited (NASDAQ: JBDI) has successfully regained compliance with Nasdaq's periodic filing requirements under Listing Rule 5250(c)(1).

Rhea-AI Summary

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.

Positive

• Company has regained compliance with Nasdaq listing requirements, removing the risk of delisting
• Financial statements are now current and up to date

Negative

• Previous non-compliance with filing requirements indicates past reporting issues
• Delayed financial reporting may suggest internal control or accounting challenges

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SINGAPORE, June 09, 2025 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), today announced that it has received notice (the “Notice”) from the Nasdaq Stock Market ("Nasdaq") on June 9, 2025 informing the Company that it has regained compliance with the periodic filing requirement under Nasdaq Listing Rule 5250(c)(1), and that the Company was therefore in compliance with the Nasdaq Capital Market’s listing requirements.

On June 5, 2025, the Company filed with the Securities and Exchange Commission under cover of Form 6-K its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024 and 2023.

“We are pleased to have regained full compliance with Nasdaq's listing requirements. With our periodic filings now current, we can focus our full attention on delivering long-term value to our shareholders,” stated Mr. Lim Chwee Poh, the Chief Executive Officer of JBDI Holdings Limited.

About JBDI Holdings Limited

JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and across Southeast Asia. With nearly four decades of industry experience, JBDI Holdings has established a strong reputation for quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services. Our mission is to help our customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs. For more information, please visit http://jbdi.barrels.com.sg/ 

Safe Harbor Statement

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Company Contact:

Zhaorong Liang
Tel: +65 6861 4150
Email: Zhaorong.liang@eugroup.com.sg 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did JBDI Holdings announce regarding Nasdaq compliance on June 9, 2025?

JBDI Holdings announced it received notice from Nasdaq confirming it has regained compliance with the periodic filing requirement under Nasdaq Listing Rule 5250(c)(1)

When did JBDI file its latest financial statements?

JBDI filed its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024 and 2023 on June 5, 2025

What was JBDI's CEO response to regaining Nasdaq compliance?

CEO Lim Chwee Poh stated they were pleased to regain compliance and can now focus on delivering long-term value to shareholders

What specific Nasdaq rule did JBDI regain compliance with?

JBDI regained compliance with Nasdaq Listing Rule 5250(c)(1), which pertains to periodic filing requirements

What type of financial statements did JBDI file to regain compliance?

JBDI filed unaudited condensed consolidated financial statements via Form 6-K for the six-month periods ended November 30, 2024 and 2023