JBDI Holdings Reaches Nasdaq Compliance With Periodic Filing Requirement

JBDI Holdings has regained compliance with Nasdaq's periodic filing requirement after filing its unaudited condensed consolidated financial statements for the six-month period ended November 30, 2024. The company's CEO, Mr. Lim Chwee Poh, expressed his satisfaction with the development, stating that the company can now focus on delivering long-term value to its shareholders. JBDI Holdings provides environmentally friendly products and services, specializing in drum revitalization and recycling.

JBDI Holdings Limited (NASDAQ: JBDI) has successfully regained compliance with Nasdaq's periodic filing requirements under Listing Rule 5250(c)(1). The company received confirmation from Nasdaq on June 9, 2025, following the filing of its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024 and 2023, submitted via Form 6-K on June 5, 2025 [3].

CEO Lim Chwee Poh expressed satisfaction with the compliance status, emphasizing that the company can now concentrate on creating long-term shareholder value with its periodic filings up to date. "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," stated Mr. Lim Chwee Poh, the Chief Executive Officer of JBDI Holdings Limited [1].

JBDI Holdings Limited specializes in the reconditioning and recycling of drums and related containers, offering a variety of services and products aimed at reducing environmental impact and has been operating in Southeast Asia for nearly four decades [2].

The company also recently resolved its non-compliance with the Nasdaq’s minimum bid price requirement by maintaining a closing bid price of $1.00 or higher for eleven consecutive business days from May 16 through June 2, 2025 [4]. This resolves the December 2024 notification of non-compliance with Nasdaq Listing Rule 5450(a)(1).

JBDI Holdings Limited's swift action in addressing these compliance issues highlights its commitment to maintaining its Nasdaq listing and ensuring regulatory adherence. Investors should continue to monitor the company's progress and financial health, as it navigates these regulatory challenges.

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.investing.com/news/company-news/jbdi-regains-nasdaq-compliance-files-overdue-financials-93CH-4085164
[3] https://www.stocktitan.net/news/JBDI/jbdi-holdings-regains-compliance-with-nasdaq-s-periodic-filing-6tr1f5xldjcw.html
[4] https://www.stocktitan.net/news/JBDI/jbdi-holdings-regains-compliance-with-nasdaq-s-minimum-bid-price-6uq2h37d8q1n.html