RegulatoryAug 4, 2026, 08:32 AM
CBL International Regains Nasdaq Minimum Bid Price Compliance
AI Summary
CBL International Limited announced it has regained compliance with Nasdaq's minimum bid price requirement, as confirmed by a formal notification from the Nasdaq Listing Qualifications Department on August 3, 2026. The company had previously received a non-compliance notice in August 2025 and was granted an extension until August 10, 2026, to cure the deficiency. Compliance was achieved after CBL International effected a 1-for-13 share consolidation on July 20, 2026, which resulted in its Class B ordinary shares trading at or above $1.00 for 20 consecutive business days.
Key Highlights
- CBL International Limited regained compliance with Nasdaq Listing Rule 5550(a)(2) on August 3, 2026.
- The company previously received a non-compliance notice on August 12, 2025, for failing to maintain a $1.00 minimum bid price.
- Nasdaq granted an extension until August 10, 2026, for the company to regain compliance.
- A 1-for-13 share consolidation (reverse stock split) was effected on July 20, 2026.
- Following the consolidation, Class B ordinary shares traded at or above $1.00 for 20 consecutive business days from July 20 to July 31, 2026.
Price Impact
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