MDJM LTD Faces Nasdaq Delisting: Steps Towards Hearing Plan

Author: Ryan Hughes Updated: 04-25-2025 04:09 PM

MDJM LTD Faces Nasdaq Delisting Determination

MDJM LTD (Nasdaq: UOKA), a prominent integrated global culture-driven asset management company, recently received a notification from the Nasdaq Stock Market. This letter communicated a staff determination regarding the company's failure to meet the minimum bid price requirement necessary for remaining listed on The Nasdaq Capital Market.

The Delisting Determination Explained

The determination letter, issued by the Listing Qualifications Department, indicates that MDJM was unable to maintain a minimum bid price of $1.00 per share, as required by Nasdaq Listing Rule 5550(a)(2). Due to this noncompliance, MDJM's securities face potential delisting from Nasdaq unless an appeal is filed.

Background of the Delisting Notice

Back in October, MDJM received an initial notification indicating noncompliance with the Minimum Bid Requirement, based on the closing bid price of its shares over 30 consecutive business days. This notice provided MDJM a 180-day compliance period, which was set to conclude on a specific date in April.

Plans for Appeal and Future Strategy

MDJM aims to appeal the determination before the Nasdaq Hearings Panel, which would defer the suspension of its securities and the filing of Form 25-NSE while a decision is made. The appeal must be filed by the end of April to maintain compliance with Nasdaq regulations.

Exploring Options for Compliance

In anticipation of the hearing, MDJM is thoroughly evaluating its options to regain compliance. One of the strategies under consideration includes a reverse stock split to elevate the bid price. The company remains committed to keeping its shareholders informed about any significant developments.

About MDJM LTD

MDJM LTD is dedicated to creating cultural spaces by redeveloping historical properties, intertwining modern technology with historical significance. The company has ambitious plans to establish cultural hubs in the UK, with projects in the pipeline, such as developing Fernie Castle and the Robin Hill Property. These venues aim to provide fine dining, hospitality, art exhibitions, and cultural events, thus becoming vital community resources.

Company's Cultural Vision

Through these endeavors, MDJM seeks to foster an environment for artisan exchanges and cultural dialogues between Eastern and Western traditions. This vision is pivotal for the company as it strives to broaden its market influence while enhancing its brand identity within the cultural sector.

Frequently Asked Questions

What triggered the Nasdaq delisting determination for MDJM LTD?

The determination arose due to the company's inability to meet the minimum bid price requirement of $1.00 per share.

What steps is MDJM taking to appeal the Nasdaq decision?

The company plans to file an appeal with the Nasdaq Hearings Panel, which will temporarily halt the delisting process.

Are there options available for MDJM to regain compliance?

Yes, MDJM is considering various strategies, such as a reverse stock split, to help meet the necessary compliance requirements.

What is the focus of MDJM LTD's business model?

MDJM LTD focuses on transforming historical properties into cultural venues that encourage cultural exchanges and enhance community engagement.

How can shareholders stay informed on MDJM's updates?

MDJM is committed to providing material updates to its shareholders as new information becomes available regarding its compliance and operational strategies.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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