Welcome to our dedicated page for JBDI Holdings news (Ticker: JBDI), a resource for investors and traders seeking the latest updates and insights on JBDI Holdings stock.
JBDI Holdings Ltd (JBDI) specializes in industrial container solutions, supplying new and reconditioned steel drums, plastic drums, and IBCs to Singapore's logistics and manufacturing sectors. This page aggregates official announcements and verified news about the company's strategic developments.
Investors and industry professionals will find timely updates on operational milestones, product innovations, and market positioning. Our curated collection ensures efficient tracking of earnings reports, partnership announcements, and sustainability initiatives relevant to container supply chains.
Key updates include financial performance disclosures, new container line launches, and industry compliance achievements. All content undergoes verification to maintain accuracy and relevance for stakeholders requiring dependable insights into Singapore's industrial container sector.
Bookmark this page for streamlined access to JBDI's evolving business narrative. Check regularly for updates reflecting the company's role in advancing storage and transportation efficiency across Southeast Asian markets.
JBDI Holdings has received a notification from Nasdaq on December 12, 2024, indicating non-compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company has been given until June 10, 2025 to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.
While trading continues under the symbol 'JBDI', the company is monitoring the situation and considering options including a potential reverse stock split. If compliance isn't achieved by the deadline, JBDI may receive an additional 180-day extension to meet the requirement.
JBDI Holdings (Nasdaq: JBDI), a leading provider of environmentally friendly drum and container reconditioning and recycling services in Singapore and Southeast Asia, has successfully closed its initial public offering (IPO). The company raised $11.25 million by offering 2,250,000 ordinary shares at $5.00 per share. Of these, 1,750,000 shares were offered by the company, while 500,000 were from selling shareholders. Trading began on the Nasdaq Capital Market on August 27, 2024, under the ticker symbol 'JBDI'. Wilson-Davis & Co., Inc. acted as the lead underwriter for the offering. The IPO proceeds will be used to fund JBDI's growth initiatives, excluding any sales by selling shareholders.
JBDI Holdings (Nasdaq: JBDI), a leading provider of eco-friendly drum and container reconditioning and recycling services in Singapore and Southeast Asia, has announced the pricing of its initial public offering. The company is offering 2,250,000 ordinary shares at $5.00 per share, aiming to raise $11.25 million in gross proceeds. Of these shares, 1,750,000 are being offered by the company, while 500,000 are from selling shareholders. Trading on the Nasdaq Capital Market is set to begin on August 27, 2024, under the ticker symbol 'JBDI'. The offering is expected to close around August 28, 2024, subject to customary conditions. Wilson-Davis & Co. is acting as the lead underwriter for this IPO.
