MDJM LTD Approves 25-for-1 Share Consolidation
Ticker: UOKA · Form: 6-K · Filed: Apr 29, 2025 · CIK: 1741534
| Field | Detail |
|---|---|
| Company | Mdjm Ltd (UOKA) |
| Form Type | 6-K |
| Filed Date | Apr 29, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-consolidation, corporate-action, shareholder-meeting
TL;DR
MDJM LTD shareholders OK'd a 25-for-1 share consolidation, cutting authorized shares from 50M to 2M.
AI Summary
MDJM LTD held an extraordinary general meeting on April 28, 2025, where shareholders approved a 25-for-1 ordinary share consolidation. This action will reduce the Company's authorized ordinary shares from 50,000,000 to 2,000,000.
Why It Matters
This share consolidation is often done to increase the per-share market price, potentially making the stock more attractive to institutional investors and improving its trading liquidity.
Risk Assessment
Risk Level: low — The filing is a routine corporate action announcement regarding a share consolidation, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- 50,000,000 — Authorized Ordinary Shares (Pre-Consolidation) (The total number of ordinary shares the company was authorized to issue before the consolidation.)
- 2,000,000 — Authorized Ordinary Shares (Post-Consolidation) (The reduced number of ordinary shares the company will be authorized to issue after the 25-for-1 consolidation.)
- 25-for-1 — Share Consolidation Ratio (The ratio at which existing ordinary shares will be combined into fewer shares.)
Key Players & Entities
- MDJM LTD (company) — Registrant and subject of the meeting
- April 28, 2025 (date) — Date of the extraordinary general meeting
- 50,000,000 (dollar_amount) — Initial number of authorized ordinary shares
- 2,000,000 (dollar_amount) — Post-consolidation number of authorized ordinary shares
- 25 to 1 (other) — Ratio of the ordinary share consolidation
FAQ
What was the primary purpose of the extraordinary general meeting held by MDJM LTD on April 28, 2025?
The primary purpose was for shareholders to approve and adopt resolutions authorizing a 25-for-1 ordinary share consolidation.
How many authorized ordinary shares did MDJM LTD have before the consolidation?
MDJM LTD had 50,000,000 authorized ordinary shares before the consolidation.
What will be the new number of authorized ordinary shares for MDJM LTD after the consolidation?
After the 25-to-1 consolidation, MDJM LTD's authorized ordinary shares will be reduced to 2,000,000.
What is the par value of each ordinary share of MDJM LTD?
The par value of each ordinary share of MDJM LTD is US$0.001.
When was the extraordinary general meeting of MDJM LTD shareholders held?
The extraordinary general meeting was held on April 28, 2025, at 10:00 a.m., Eastern Time.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on April 29, 2025 regarding MDJM LTD (UOKA).