MDJM LTD Appeals Nasdaq Delisting
Ticker: UOKA · Form: 6-K · Filed: May 5, 2025 · CIK: 1741534
| Field | Detail |
|---|---|
| Company | Mdjm Ltd (UOKA) |
| Form Type | 6-K |
| Filed Date | May 5, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: delisting, compliance, hearing, stock-price
Related Tickers: MDJM
TL;DR
MDJM is fighting Nasdaq delisting over low stock price, hearing set for May.
AI Summary
MDJM LTD has requested a hearing with Nasdaq on April 29, 2025, to appeal Nasdaq's delisting determination dated April 23, 2025. The company failed to meet the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Stock Market.
Why It Matters
This appeal is crucial for MDJM LTD to maintain its listing on the Nasdaq Stock Market, which impacts its ability to raise capital and its stock's liquidity.
Risk Assessment
Risk Level: medium — The company is at risk of delisting from Nasdaq due to failure to meet the minimum bid price requirement, which could negatively impact its stock value and trading.
Key Numbers
- $1.00 — Minimum Bid Price (MDJM LTD failed to maintain this minimum bid price per share, leading to Nasdaq's delisting determination.)
Key Players & Entities
- MDJM LTD (company) — The company filing the report and appealing Nasdaq's decision.
- Nasdaq (company) — The stock exchange that issued the delisting determination.
- $1.00 (dollar_amount) — The minimum bid price per share requirement that MDJM LTD failed to meet.
- April 29, 2025 (date) — The date MDJM LTD submitted its hearing request to Nasdaq.
- April 23, 2025 (date) — The date of Nasdaq's staff determination letter regarding the delisting.
FAQ
What is the specific reason for Nasdaq's delisting determination against MDJM LTD?
MDJM LTD failed to regain compliance with the minimum bid price of $1.00 per share requirement for continued listing on the Nasdaq Stock Market.
When did MDJM LTD submit its request for a hearing with Nasdaq?
MDJM LTD submitted its hearing request on April 29, 2025.
What is the date of Nasdaq's determination letter regarding MDJM LTD's compliance?
The determination letter from Nasdaq's Listing Qualifications Department was dated April 23, 2025.
What is the primary goal of MDJM LTD in requesting this hearing?
MDJM LTD is requesting the hearing to appeal Nasdaq's determination and seek to avoid delisting from the stock exchange.
Where is MDJM LTD's principal executive office located?
MDJM LTD's principal executive office is located at Fernie Castle, Letham, Cupar, Fife, KY15 7RU, United Kingdom.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on May 5, 2025 regarding MDJM LTD (UOKA).