FBS Global Limited (Nasdaq: FBGL) announced that its ordinary shares have met Nasdaq’s minimum bid‑price requirement after closing at or above $1.00 for ten consecutive business days between February 12 and February 26, 2026. Nasdaq confirmed the company’s compliance on February 27, 2026, and the announcement was made on March 3, 2026.
Regaining compliance removes the risk of delisting under Nasdaq Rule 5550(a)(2) and ensures continued trading on the Nasdaq Capital Market, preserving liquidity and access to U.S. capital markets. The company had previously received a deficiency notice after its shares fell below $1.00 for 30 consecutive business days and was granted an extension until May 11, 2026 to regain compliance.
For the six months ended June 30, 2025, FBS Global reported a 5.9% decline in revenue compared with the same period in 2024, but gross profit rose 14.6% and income from operations surged 650.3%, indicating improved operational efficiency despite lower top‑line growth. The compliance milestone reflects the company’s operational discipline and strategic focus on secured projects in the green‑building and interior fit‑out sectors.
CEO Kelvin Ang said the milestone "reflects improving market confidence in our platform, operational discipline and strategic direction." The achievement signals that the company is on track to maintain its listing status and continue pursuing growth in its core construction and fit‑out business.
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