SplitJun 16, 2026, 10:46 AM
JBDI Holdings Announces 1-for-2 Reverse Stock Split Effective June 25
AI Summary
JBDI Holdings Ltd announced a 1-for-2 reverse stock split of its Ordinary Shares, effective on or about June 25, 2026. The corporate action, approved by members on May 28, 2026, aims to satisfy Nasdaq listing standards and increase the market price of the Company's shares. This will reduce the total issued and outstanding Ordinary Shares from approximately 19 million to 9.5 million, with fractional shares rounded up.
Key Highlights
- JBDI Holdings will effect a 1-for-2 reverse stock split of its Ordinary Shares.
- The reverse stock split is expected to be effective on or about June 25, 2026.
- The Record Date for the split is the close of business (ET) on June 25, 2026.
- The split aims to satisfy Nasdaq listing standards and increase the market price of shares.
- Total issued and outstanding Ordinary Shares will reduce from 19,029,064 to approximately 9,514,532.
- No fractional shares will be issued; shares will be rounded up to the next whole share.
- The par value of Ordinary Shares will increase from $0.0005 to $0.001 per share.
Price Impact
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