Delixy Holdings Ltd (DLXY) regained compliance with Nasdaq’s minimum bid price requirement, and Nasdaq stated that the matter is now closed. The company received Nasdaq’s notice on October 13, 2026, after its Class A ordinary shares had a closing bid price of US$1.00 per share or greater for 10 consecutive business days, from September 29 through October 12, 2026.
Nasdaq had notified Delixy on April 23, 2026, that its shares had a closing bid price below US$1.00 for 30 consecutive business days, from March 11 through April 22, and granted 180 calendar days, until October 20, to regain compliance. The company effected a 1-for-5 reverse share split of its Class A and Class B ordinary shares; Class A shares began trading on a post-split basis on September 28, 2026.
Delixy Holdings Limited (DLXY) approved a 1-for-5 reverse share split of its Class A and Class B ordinary shares, combining every five shares into one share and increasing par value to US$0.000025 per share. Authorized share capital remains US$2,500, divided into 90,000,000 Class A and 10,000,000 Class B ordinary shares. The Class A Ordinary Shares are expected to begin trading on a post-split basis on Nasdaq on September 28, 2026 under the symbol DLXY with new CUSIP G2703G 111. After the split, Delixy expects to have approximately 1,434,800 Class A Ordinary Shares and 1,835,200 Class B Ordinary Shares outstanding, with fractional entitlements rounded up to the nearest whole share. The reverse split is intended to increase the market price per share so the company can maintain its Nasdaq listing.
Delixy Holdings Ltd filed a Form 3 identifying Zhang Chunming (Andy) as a director of the company. The report contains no insider transactions, no non-derivative holdings, and no derivative positions, so it lists no securities positions for him in this filing.
Delixy Holdings Ltd lists Ye Changkun as a director and reporting person in an initial statement of beneficial ownership. The data show he is not a ten percent owner and that no equity transactions or derivative positions are reported for him in this disclosure.
Delixy Holdings Limited reported changes to its board and committees in late July 2026. Independent directors Mr. Lay Shi Wei and Mr. Yap Beng Tat Richard resigned effective at the close of business on July 29, 2026, and the company states these departures did not result from any disagreement over operations, policies or practices.
On July 30, 2026, the Board appointed Mr. Zhang Chunming and Mr. Ye Changkun as new independent directors, each meeting independence standards under Nasdaq Listing Rule 5605(a)(2) and Rule 10A-3. The Audit, Compensation and Nomination Committees were reconstituted to include them, and the Board now comprises two executive directors and three independent directors while relying on Nasdaq’s home country exemption.
Delixy Holdings Ltd filed Amendment No. 1 to its 2025 annual report to revise disclosures on controls and procedures in response to comments from the SEC’s Division of Corporation Finance. The update covers Item 15(a) and 15(b) and includes new CEO and CFO certifications; other disclosures remain unchanged and continue to speak as of the original report date.
Management evaluated disclosure controls and procedures and concluded they were ineffective as of December 31, 2025 because of material weaknesses in internal control over financial reporting identified using the 2013 COSO Framework. Despite these weaknesses, management states the consolidated financial statements fairly present the company’s financial condition and results. There were no changes during 2025 that materially affected internal control over financial reporting. Delixy had 16,350,000 ordinary shares outstanding as of December 31, 2025.
Delixy Holdings Limited, a Cayman holding company operating through Delixy Energy in Singapore, files its annual report outlining its oil and oil‑products trading business and key risks. It had 16,350,000 ordinary shares outstanding as of December 31, 2025.
The report highlights reliance on a few suppliers and customers, with the top three suppliers representing 47.7% of 2025 purchases and the top three customers 58.3% of 2025 revenue. Trading in crude oil made up 59.3% of 2025 trading revenue, with the balance from oil‑based products.
Delixy notes significant exposure to counterparties in the PRC on both the customer and supplier side, cash‑flow timing mismatches from paying suppliers upfront while extending up to 90‑day credit to customers, and various operational, regulatory, cybersecurity and governance risks. The company also discloses a Nasdaq notice for failing to meet the US$1.00 minimum bid price and a compliance deadline of October 20, 2026.
Delixy Holdings Limited has received a Nasdaq notice that its Class A ordinary shares no longer meet the Nasdaq Capital Market’s minimum bid price requirement of US$1.00 per share, after trading below that level for 30 consecutive business days from March 11 to April 22, 2026. The notice does not immediately affect trading or the current listing. Delixy has 180 calendar days, until October 20, 2026, to regain compliance by achieving a closing bid of at least US$1.00 for a minimum of ten consecutive business days. If it fails to do so, the company may seek an additional compliance period or face potential delisting. Delixy states that its business operations are unchanged and that it is monitoring its share price and may consider options such as a reverse stock split to restore compliance.
Delixy Holdings Ltd director files initial ownership report with no shares reported
Delixy Holdings Ltd director Yap Beng Tat, Richard has filed an initial statement of beneficial ownership on Form 3. This filing shows that, at the time of the report, he does not hold any shares of the company directly or through derivative securities.
Delixy Holdings Ltd director and COO Yao Yuan has filed an initial Form 3, which is the first required statement of insider share ownership. The filing shows total common shares beneficially owned following the reported entry of 0 shares, indicating no reported equity stake at this time.