Recent Updates — DLXY

On October 13, 2026, Nasdaq notified Delixy Holdings Limited that it has regained compliance with Listing Rule 5550(a)(2), closing the matter regarding the minimum bid price deficiency. The company previously received a non-compliance notice on April 23, 2026, after its Class A ordinary shares traded below $1.00 for 30 consecutive business days. Nasdaq granted an 180-day compliance period ending October 20, 2026. The company regained compliance following a 1-for-5 reverse share split that took effect on September 28, 2026, with the closing bid price remaining at or above $1.00 for the required 10 consecutive business days from September 29 to October 12, 2026. Delixy Holdings Limited is a Singapore-based company principally engaged in the trading of oil-related products.

Delixy Holdings Limited announced a one-for-five reverse share split of its Class A and Class B ordinary shares, effective September 28, 2026. The board approved the consolidation on August 12, 2026, following shareholder authorization in February 2026 to maintain Nasdaq listing compliance. Post-split, the par value increases from US$0.000005 to US$0.000025 per share, with authorized capital remaining at US$2,500 divided into 90 million Class A and 10 million Class B shares. The company expects approximately 1,434,800 Class A and 1,835,200 Class B shares to be issued and outstanding after the split. Delixy Holdings Limited operates in the oil trading industry, dealing in crude oil and various petroleum products across Southeast Asia, East Asia, and the Middle East.

Delixy Holdings Limited reported changes to its board of directors on July 30, 2026. Mr. Lay Shi Wei and Mr. Yap Beng Tat resigned as independent directors effective July 29, citing no disagreements with management. The board appointed Mr. Zhang Chunming and Mr. Ye Changkun as new independent directors effective July 30, 2026. Consequently, the audit, compensation, and nomination committees were reconstituted. This administrative governance change does not materially affect investor value or operations. Delixy Holdings Limited operates in the financial services sector.