JBDI Holdings receives noncompliance letter from Nasdaq

JBDI Holdings (JBDI) announced that it received a delinquency notification letter from Nasdaq indicating that JBDI is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the company’s ordinary shares on Nasdaq, as set forth in Nasdaq Listing Rules. The notice indicated that the company has 180 days, or until June 10, 2025, to regain compliance with the minimum bid price requirement by having the closing bid price of the ordinary shares meet or exceed $1.00 per ordinary share for at least ten consecutive business days.