JBDI Holdings Limited Ordinary Shares’ (NASDAQ:JBDI) Lock-Up Period Set To Expire on February 24th

JBDI Holdings Limited Ordinary Shares’ (NASDAQ:JBDI) lock-up period is set to end on Monday, February 24th. JBDI Holdings Limited Ordinary Shares had issued 2,250,000 shares in its initial public offering on August 27th. The total size of the offering was $11,250,000 based on an initial share price of $5.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

JBDI Holdings Limited Ordinary Shares Price Performance

Shares of NASDAQ:JBDI opened at $0.71 on Wednesday. JBDI Holdings Limited Ordinary Shares has a 52 week low of $0.51 and a 52 week high of $39.41. The firm has a 50-day moving average price of $0.65.

About JBDI Holdings Limited Ordinary Shares

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products.