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JBDI Holdings Announces Receipt of Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
SINGAPORE, Jan. 14, 2026 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), today announced that it has received a written notification dated January 7, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq Notification”). The Notification stated that the Company’s ordinary shares failed to maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2) (the “Mini
About this update from Jbdi Holdings Limited
[{"type":"image","alt":"JBDI Holdings Limited","displaySize":"","headline":null,"caption":"JBDI Holdings Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":201,"url":"https://media.zenfs.com/en/globenewswire.com/3a0890dbcdb82d0df9783c6f2d703687"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bd7qAqX_EUsfcLXpnbLJEg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI4MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/3a0890dbcdb82d0df9783c6f2d703687","width":300,"height":201}},"lazy":false},{"type":"text","content":"SINGAPORE, Jan. 14, 2026 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), today announced that it has received a written notification dated January 7, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq Notification”). The Notification stated that the Company’s ordinary shares failed to maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). Receipt of the Nasdaq Notification does not result in the immediate delisting of the Company’s ordinary shares and has no immediate effect on the listing or the trading of the Company’s ordinary shares on the Nasdaq Capital Market under the symbol “JBDI”.","length":784,"tagName":"p"},{"type":"text","content":"In accordance with Listing Rule 5810(c)(3)(C), the Company is provided 180 calendar days, or until July 6, 2026 to regain compliance with the Rule","length":146,"tagName":"p"},{"type":"text","content":"The Determination Letter stated:","length":32,"tagName":"p"},{"type":"text","content":"“If at any time during this compliance period, the Company’s security is at least $1 for a minimum of ten consecutive business days, [the staff] will provide the Company written confirmation of compliance and the matter will be closed..”","length":237,"tagName":"p","attribs":{}},{"type":"text","content":"The Nadsaq Notification further provides that in the event the Company does not regain compliance with the Rule prior to the expiration of the compliance period of July 6, 2026, it may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capi...