MDJM LTD Announces 25:1 Share Consolidation
Ticker: UOKA · Form: 6-K · Filed: May 14, 2025 · CIK: 1741534
| Field | Detail |
|---|---|
| Company | Mdjm Ltd (UOKA) |
| Form Type | 6-K |
| Filed Date | May 14, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-consolidation, corporate-action, stock-structure
TL;DR
MDJM LTD is consolidating shares 25:1, approved by board and shareholders.
AI Summary
MDJM LTD announced a share consolidation plan on May 14, 2025, consolidating its ordinary shares on a 25:1 basis. This plan was approved by the board of directors on April 9, 2025, and by shareholders on April 28, 2025. The consolidation will affect all 50,000,000 authorized ordinary shares.
Why It Matters
This share consolidation is likely intended to increase the per-share market price of MDJM LTD's stock, potentially making it more attractive to investors and meeting exchange listing requirements.
Risk Assessment
Risk Level: medium — Share consolidations can sometimes signal underlying financial difficulties or be a tactic to artificially inflate share price, which carries inherent risks for investors.
Key Numbers
- 50,000,000 — Authorized Ordinary Shares (Total shares affected by the 25:1 consolidation.)
- 25:1 — Share Consolidation Ratio (Each 25 old shares will become 1 new share.)
Key Players & Entities
- MDJM LTD (company) — Registrant
- April 9, 2025 (date) — Board approval date for share consolidation
- April 28, 2025 (date) — Shareholder approval date for share consolidation
- May 14, 2025 (date) — Announcement date of share consolidation
- 50,000,000 (dollar_amount) — Total authorized ordinary shares affected by consolidation
- 25:1 (dollar_amount) — Ratio of share consolidation
FAQ
What is the primary purpose of the announced share consolidation?
The filing states MDJM LTD plans to effect a consolidation of all its authorized issued and unissued ordinary shares on a 25:1 basis, implying a goal to adjust share structure and potentially market price.
When were the share consolidation plans approved?
The Company's board of directors approved the plan on April 9, 2025, and the Company's shareholders approved it on April 28, 2025.
How many ordinary shares are affected by this consolidation?
All 50,000,000 authorized ordinary shares, both issued and unissued, will be affected by the 25:1 share consolidation.
What is the par value of the ordinary shares before consolidation?
The ordinary shares have a par value of US$0.001.
What is the filing type and date?
This is a Form 6-K filed on May 14, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on May 14, 2025 regarding MDJM LTD (UOKA).