JBDI Holdings Ltd

JBDI Holdings has entered into a definitive agreement to acquire Glorian Capital, the operator of the AI-native social platform ZYMIX, for $900 million. The acquisition will be funded entirely through the issuance of convertible promissory notes, which are convertible into ordinary shares at a fixed price of $1.00 per share. This acquisition marks the company's strategic expansion into AI-native social networking services alongside its existing container operations.…more

JBDI Holdings Ltd

JBDI Holdings will hold an Extraordinary General Meeting on October 22, 2026, to vote on increasing authorized share capital, implementing a dual-class share structure, amending the Articles of Association, and issuing 7,000,000 Class B ordinary shares to the controlling shareholder. Upon approval, existing shares will be redesignated as Class A, while the new Class B shares will carry 100 votes per share, significantly strengthening the controlling shareholder's voting power.…more