JBDI Holdings Limited Ordinary Shares’ (NASDAQ:JBDI) Lock-Up Period Set To End 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 IPO on August 27th. The total size of the offering was $11,250,000 based on an initial share price of $5.00. After the expiration of JBDI Holdings Limited Ordinary Shares’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

JBDI Holdings Limited Ordinary Shares Price Performance

Shares of NASDAQ:JBDI opened at $0.71 on Wednesday. JBDI Holdings Limited Ordinary Shares has a one year low of $0.51 and a one year high of $39.41. The company has a 50-day simple moving average 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.