JBDI Holdings Ltd

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.

JBDI Holdings Ltd. announced the results of its Annual General Meeting of Members. Shareholders approved a 1-for-2 reverse stock split of the company's ordinary shares, granting the Board of Directors discretion to implement it within a 12-month period. Additionally, five individuals were elected to serve as directors, including two Executive Directors and three Independent Non-Executive Directors. The appointment of OneStop Assurance PAC as the independent registered public accounting firm for the fiscal year ending May 31, 2026, was also ratified.

JBDI Holdings Ltd. announced its Annual General Meeting (AGM) for May 28, 2026, where members will vote on a 1-for-2 reverse stock split. If approved, the Board of Directors will have the discretion to implement the split within 12 months to satisfy Nasdaq listing standards and improve share marketability. Additionally, members will elect five directors to serve until the next annual meeting and ratify OneStop Assurance PAC as the company's independent registered public accounting firm for the fiscal year ending May 31, 2026.