Jbdi holdings limited announces receipt of nasdaq notification letter regarding minimum bid price deficiency

Singapore, dec. 16, 2024 (globe newswire) -- jbdi holdings limited (nasdaq: jbdi) (“jbdi” or the “company”) today announced that it received a delinquency notification letter (the "notice") from the listing qualifications department of the nasdaq stock market llc ("nasdaq") on december 12, 2024 indicating that jbdi 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 june 10, 2025 (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.
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