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CBL International Limited announced that it has received formal notification from the Nasdaq Listing Qualifications Department confirming that the company has regained compliance with the minimum bid price requirement for continued listing on that stock exchange.
Previously, on August 12, 2025, Nasdaq notified the maritime fuel logistics company that its listed securities had not maintained a minimum closing bid price of USD 1 per share for the preceding 30 consecutive business days, as required by the Listing Rule. The company was granted a period of 180 calendar days, or until February 9, 2026, to comply, and then a similar extension.
The exchange's decision was based on CBL meeting the continuous listing requirement for the market value of publicly held shares, and all other applicable requirements for listing on Nasdaq, with the exception of the bid price requirement, and on the firm's written notification of its intention to remedy the deficiency during the second compliance period through a reverse stock split, if necessary.
On July 20, 2026, the company carried out a 1-for-13 consolidation of its Class A and Class B ordinary shares. Effective at the opening of trading on July 20, 2026, the Class B ordinary shares began trading, post-consolidation, on the Nasdaq Capital Market under the same symbol BANL, but with a new CUSIP.
The recent notification from Nasdaq indicated that, during the 10 consecutive business days between July 20 and July 31, 2026, the closing price of the Class B ordinary shares was USD 1 or higher, thereby regaining compliance with the Rule.
