JBDI Holdings Regains Nasdaq Listing Compliance

JBDI Holdings Limited, a Singapore-based holding company, has regained compliance with Nasdaq listing rules. The company conducts its operations through subsidiaries in Singapore and supplies reconditioned and new containers to various industries. Its products include steel drums, plastic drums, carboys, and IBCs with different capacities. JBDI also provides ancillary services such as reconditioning, disposal, and wastewater treatment. The company serves customers in Singapore, Indonesia, and Malaysia.

SINGAPORE, June 10, 2025 — JBDI Holdings Limited (NASDAQ: JBDI), a leading provider of environmentally friendly products and services, has regained compliance with Nasdaq listing rules. The company announced on June 9, 2025, that it has received notice from the Nasdaq Stock Market, confirming that it is now in compliance with the periodic filing requirement under Nasdaq Listing Rule 5250(c)(1) [1].

JBDI Holdings Limited specializes in the revitalization, reconditioning, and recycling of industrial drums and containers, serving customers in Singapore, Indonesia, and Malaysia. The company offers a range of products including steel drums, plastic drums, carboys, and IBCs with varying capacities, along with ancillary services such as reconditioning, disposal, and wastewater treatment [2].

The company's CEO, Mr. Lim Chwee Poh, expressed satisfaction with the regained compliance, stating, "We are pleased to have regained full compliance with Nasdaq's listing requirements. With our periodic filings now current, we can focus our full attention on delivering long-term value to our shareholders" [1].

JBDI Holdings Limited filed its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024 and 2023, with the Securities and Exchange Commission under Form 6-K on June 5, 2025 [1].

The company's return to compliance follows significant strides in addressing various regulatory issues. In addition to regaining periodic filing compliance, JBDI Holdings Limited has resolved its non-compliance with Nasdaq's minimum bid price requirement and has filed its overdue interim financial statements [3].

References:
[1] https://www.globenewswire.com/news-release/2025/06/09/3096203/0/en/JBDI-Holdings-Regains-Compliance-with-Nasdaq-s-Periodic-Filing-Requirement.html
[2] https://www.stocktitan.net/news/JBDI/jbdi-holdings-regains-compliance-with-nasdaq-s-periodic-filing-6tr1f5xldjcw.html
[3] https://www.investing.com/news/company-news/jbdi-holdings-regains-nasdaq-compliance-with-filings-93CH-4087604