Nasdaq warns FBS Global (FBGL) on $1 minimum bid, listing at risk
Rhea-AI Filing Summary
FBS Global Limited reported that Nasdaq has notified the company its ordinary shares are out of compliance with the $1.00 minimum bid price required for continued listing on the Nasdaq Capital Market. The shares had closed below $1.00 for 30 consecutive business days, triggering the notice.
The company has 180 calendar days, until October 12, 2026, to regain compliance by maintaining a closing bid of at least $1.00 for ten consecutive business days. During this period, FBGL’s shares will continue trading on Nasdaq under the symbol FBGL. If it still fails to comply, the company may receive an additional 180-day grace period if it meets other listing standards and indicates plans to cure the deficiency, potentially including a reverse stock split.
The company intends to actively monitor its share price and consider available options but warns there is no assurance it will regain compliance, meaning its Nasdaq listing could ultimately be at risk.
Positive
- None.
Negative
- Nasdaq minimum bid deficiency and delisting risk: FBGL’s ordinary shares traded below the $1.00 minimum bid price for 30 consecutive business days, starting a 180-day cure period and creating a clear risk of eventual Nasdaq delisting if compliance is not regained.
Insights
Nasdaq bid-price warning creates tangible listing risk for FBGL.
FBS Global Limited has fallen below Nasdaq’s $1.00 minimum bid requirement for 30 consecutive business days, triggering a formal deficiency notice. The shares remain listed, but this begins a defined 180-day cure window ending on October 12, 2026.
To regain compliance, the closing bid must be at least $1.00 for ten consecutive business days. If that fails, Nasdaq may grant another 180 days if other initial listing standards are met and the company indicates it will cure, including via a potential reverse stock split.
The company explicitly states there is no assurance it will regain compliance. The key risk is potential delisting from the Nasdaq Capital Market if the share price does not recover or corporate actions such as a share consolidation are not effective.
Key Figures
Key Terms
Minimum Bid Price Rule regulatory
Nasdaq Capital Market market
reverse stock split financial
foreign private issuer regulatory
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission file number: 001-42508
FBS Global Limited
(Exact name of registrant as specified in its charter)
74 Tagore Lane, #02-00 Sindo Industrial Estate
Singapore 787498
Tel: +65 62857781
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On April 15, 2026, FBS Global Limited (“FBGL” and the “Company”) received a deficiency notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s ordinary shares (the “Ordinary Shares”) had been below the minimum of $1.00 per Ordinary Share required for continued listing on The Nasdaq Capital Market (the “Minimum Bid Price Rule”). The Notice has no immediate effect on the listing of the Ordinary Shares, which will continue to trade on The Nasdaq Capital Market under the symbol “FBGL” without interruption at this time.
In accordance with Nasdaq Listing Rules, the Company has 180 calendar days, or until October 12, 2026, to regain compliance with the Minimum Bid Price Rule. If at any time before October 12, 2026, the closing bid price of the Ordinary Shares is at least $1.00 per Ordinary Share for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance and the matter will be closed.
If the Company does not regain compliance with the Minimum Bid Price Rule by October 12, 2026, the Company may be eligible for an additional 180 day calendar period to regain compliance or be subject to delisting. To qualify for the additional time, the Company will be required to meet the continued listing requirements regarding the market value of publicly held Ordinary Shares and all other initial listing standards, except for the minimum bid price requirement. In addition, the Company will be required to notify Nasdaq of its intent to cure the deficiency by effecting a reverse stock split, if necessary, during the additional compliance period. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.
The Company intends to actively monitor the closing bid price for its Ordinary Shares and will consider available options to resolve the deficiency and regain compliance with the Minimum Bid Price Rule. However, there can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Rule.
EXHIBITS
| Number | Description | |
| 99.1 | Press Release of FBS Global Limited dated April 16, 2026 | |
| 99.2 | Letter from the NASDAQ Stock Market dated April 15, 2026, regarding the failure to comply with the Minimum Bid Price required under Listing Rule 5550(a)(2) |
| 2 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: April 16, 2026 | FBS GLOBAL LIMITED | |
| By: | /s/ Ang Poh Guan | |
| Name: | Ang Poh Guan | |
| Title: | Executive Director and Chief Executive Officer | |
| 3 |
Exhibit 99.1
FBS Global Limited Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement
Ordinary shares will continue to trade on the Nasdaq Capital Market, and the Company’s listing on such exchange is not affected by the receipt of the Notice
SINGAPORE, April 16, 2026 – FBS Global Limited (NASDAQ: FBGL) disclosed that it had received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) that FBGL is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the Company’s ordinary shares (the “Ordinary Shares”) on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rules (the “Minimum Bid Price Requirement”). The Notice indicated that the Company has 180 days, or until October 12, 2026 (the “Compliance Deadline”), to regain compliance with the Minimum Bid Price Requirement by having the closing bid price of the Ordinary Shares meet or exceed $1.00 per Ordinary Share for at least ten consecutive business days.
The Notice has no immediate effect on the listing of the Company’s Ordinary Shares, which continue to trade on The Nasdaq Capital Market under the symbol “FBGL”. The Company intends to monitor the closing bid price of its Ordinary Shares and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement, including a reverse stock split (i.e., a share consolidation). If the Company does not regain compliance by the Compliance Deadline, the Company may be afforded an additional 180 calendar day period to regain compliance as provided by the Nasdaq Listing Rules.
About FBS Global Limited
The Company is a Singapore based green building contractor and an established interior fit-out specialist with a track record of over 20 years in institutional, residential, commercial and industrial building projects. As a green contractor focused on environmentally sound practices, the Company aim to bid tenders for green building projects, use green construction methods and green materials for our construction projects, including design, supply and installation of ceilings, partitions, timber deck, carpet, lead lining, acoustic wall paneling, built-in furniture as well as mechanical and electrical services of a building. Green construction methods and materials will lead to the reduction in energy, water and material resource usage in construction projects. and hence reduce the potential environmental impact. The Company also seek to use green materials that are made of recycled or recyclable materials and/or sustainably sourced materials.
Additional information about the Company is available at https://www.fbsglobal.com.sg.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify 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. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.
Contact:
FBS Global Limited
Tel: +65 6285778
Email: finebuild@singnet.com.sg
Exhibit 99.2
