FBS Global Closes Above $1 for Ten Days to Regain Nasdaq Compliance
FBS Global regained compliance with Nasdaq Listing Rule 5550(a)(2) after its ordinary shares closed above $1.00 for ten consecutive trading days from February 12 to February 26, resolving its minimum bid price deficiency. The resolution eliminates delisting risk and secures continued listing on the Nasdaq Capital Market under ticker FBGL.
1. Regained Nasdaq Minimum Bid Price Compliance
FBS Global’s ordinary shares closed at or above $1.00 per share for ten consecutive trading days from February 12 through February 26, satisfying Nasdaq Listing Rule 5550(a)(2). This achievement resolves the previously disclosed minimum bid price deficiency and closes the related compliance matter.
2. Delisting Risk Eliminated
With the deficiency matter resolved, FBS Global’s ordinary shares will continue trading on the Nasdaq Capital Market, removing the threat of delisting that arose from prolonged sub-$1.00 closes. This reinstates full compliance and bolsters market confidence in the company’s listing status.
3. Operational Focus and Growth Strategy
Management remains focused on executing the company’s secured project portfolio across commercial, industrial and public sector markets. Leveraging over two decades of experience in green building and interior fit-outs, FBS Global aims to drive disciplined, execution-led growth and expand its secured pipeline.