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JBDI HOLDINGS LIMITED ANNOUNCES CLOSING OF $11.25 MILLION INITIAL PUBLIC OFFERING
SINGAPORE, Aug. 28, 2024 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), a leading provider of environmentally friendly
About this update from Jbdi Holdings Limited
[{"type":"text","content":"SINGAPORE, Aug. 28, 2024 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), a leading provider of environmentally friendly and efficient reconditioning and recycling services for drums and containers in Singapore and Southeast Asia, today announced the closing of its previously announced initial public offering (the “Offering”) of an aggregate 2,250,000 ordinary shares at a public offering price of $5.00 per share for total gross proceeds of $11.25 million, before deducting underwriting discounts and offering expenses. Of the 2,250,000 ordinary shares, the Company offered 1,750,000 ordinary shares and the selling shareholders offered 500,000 ordinary shares. The Company will not receive any proceeds from any sale of shares by the selling shareholders. The shares began trading on the Nasdaq Capital Market on August 27, 2024, under the ticker symbol “JBDI.” Wilson-Davis & Co., Inc. acted as lead underwriter and representative for the Offering. Schlueter & Associates, P.C. served as legal counsel for JBDI, and Sichenzia Ross Ference Carmel LLP served as legal counsel for the underwriters in connection with the Offering. A registration statement on Form F-1, as amended (File No. 333-276945), was filed with the United States Securities and Exchange Commission (the “SEC”) and was declared effective on August 26, 2024. The offering of the securities is being made only by means of a prospectus. Electronic copies of the final prospectus relating to the Offering may be obtained by visiting the SEC’s website located at http://www.sec.gov or by contacting Wilson-Davis & Co., Inc. 16479 Dallas Parkway, Suite #315, Addison, TX 75001, Attention: Louis Helsen or email: [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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 nearl...