SplitJun 23, 2026, 10:32 AM
JBDI Holdings Announces 1-for-2 Reverse Stock Split
AI Summary
JBDI Holdings Limited announced a 1-for-2 reverse stock split of its Ordinary Shares, effective June 29, 2026. The company's shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market starting June 30, 2026, under the existing ticker symbol "JBDI." This action is intended to regain compliance with Nasdaq Listing Rule 5550(a)(2). The reverse split will reduce the number of issued and outstanding shares and increase the par value per share.
Key Highlights
- JBDI Holdings will effect a 1-for-2 reverse stock split.
- The reverse stock split will be effective on June 29, 2026.
- Ordinary Shares will trade on a split-adjusted basis on Nasdaq from June 30, 2026.
- Purpose is to regain compliance with Nasdaq Listing Rule 5550(a)(2).
- Issued and outstanding shares will decrease from 19,029,064 to approximately 9,514,532.
- Par value of Ordinary Shares will increase from $0.0005 to $0.001 per share.
- Fractional shares will be rounded up to the nearest whole share.
Price Impact
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