Sichenzia Ross Ference Carmel LLP Represents Wilson-Davis & Co., Inc. in $11.25 Million Initial Public Offering of Ordinary Shares of JBDI Holdings Limited

Press Release – New York, NY – August 29, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Wilson-Davis & Co., Inc. in a $11.25 million initial public offering of ordinary shares of JBDI Holdings Limited (NASDAQ: JBDI), a leading provider of environmentally friendly and efficient reconditioning and recycling services for drums and containers in Singapore and Southeast Asia. The initial public offering consisted of 1,750,000 ordinary shares issued and sold by JBDI Holdings Limited and 500,000 ordinary shares by certain selling shareholders at the public
offering price of $5.00 per share.

Wilson-Davis & Co., Inc. acted as lead underwriter and representative for the offering.

The Sichenzia Ross Ference Carmel LLP team was led by partners Benjamin Tan and Matthew Siracusa.