FBS Global Limited received a Nasdaq deficiency notice for failing to meet the $1.00 minimum bid price requirement, with 180 days to regain compliance.
Key takeaways
Nasdaq notified FBGL of non-compliance with the $1.00 minimum bid price requirement for continued listing on April 16, 2026.
The Company has 180 calendar days, until October 12, 2026, to regain compliance by maintaining a $1.00+ closing bid for ten consecutive business days.
Ordinary shares continue to trade on the Nasdaq Capital Market under symbol 'FBGL' without immediate effect from the notice.
The Company may consider available options to regain compliance, including a reverse stock split (share consolidation).
If compliance is not regained by the deadline, the Company may be eligible for an additional 180 calendar day period per Nasdaq rules.