CBL International Ltd (BANL) Form 6-K — Aug 4, 2026
CBL International Limited has regained compliance with Nasdaq Listing Rule 5550(a)(2) after receiving formal notification on August 3, 2026, confirming that its class B ordinary shares maintained a closing bid price of at least $1.00 for 20 consecutive business days. To cure the deficiency, the company executed a 1-for-13 share consolidation of its class A and class B ordinary shares, which became effective on July 20, 2026. This reverse split was implemented during a second 180-day compliance period granted by Nasdaq after the company failed to meet the requirement during its initial 180-day cure period.
Key figures
- Reverse split ratio
- 1-for-13
- Extension period days
- 180
- Minimum bid price usd
- 1
- Compliance period days
- 20
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