MDJM LTD Receives Nasdaq Hearings Panel Decision on Bid Price
Ticker: UOKA · Form: 6-K · Filed: Jun 17, 2025 · CIK: 1741534
| Field | Detail |
|---|---|
| Company | Mdjm Ltd (UOKA) |
| Form Type | 6-K |
| Filed Date | Jun 17, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: listing-compliance, nasdaq, delisting-risk
Related Tickers: MDJM
TL;DR
MDJM LTD got a Nasdaq decision on its bid price issue, still trying to stay listed.
AI Summary
MDJM LTD announced on June 17, 2025, that it received a decision from the Nasdaq Hearings Panel regarding its failure to regain compliance with the minimum bid price of $1.00 per share. The company had previously received a determination letter on April 23, 2025, and attended a hearing on June 3, 2025, to address this issue for continued listing on The Nasdaq Capital Market.
Why It Matters
This filing indicates MDJM LTD's ongoing struggle with Nasdaq listing requirements, potentially impacting its stock liquidity and investor confidence.
Risk Assessment
Risk Level: medium — The company is facing delisting from Nasdaq due to not meeting the minimum bid price, which poses a significant risk to its market presence.
Key Numbers
- $1.00 — Minimum Bid Price (Requirement for continued listing on Nasdaq Capital Market)
Key Players & Entities
- MDJM LTD (company) — Registrant
- Nasdaq (company) — Stock Exchange
- Nasdaq Hearings Panel (company) — Panel making listing decisions
- $1.00 (dollar_amount) — Minimum bid price requirement
- April 23, 2025 (date) — Date of initial determination letter
- June 3, 2025 (date) — Date of Nasdaq hearing
- June 17, 2025 (date) — Filing date
FAQ
What was the specific decision made by the Nasdaq Hearings Panel regarding MDJM LTD's bid price compliance?
The filing states that MDJM LTD received a decision from the Nasdaq Hearings Panel, but the specific outcome of that decision is not detailed in this excerpt.
When did MDJM LTD first receive notification about failing to meet the minimum bid price requirement?
MDJM LTD received a determination letter from Nasdaq regarding its failure to regain compliance with the minimum bid price on April 23, 2025.
What is the significance of the Bid Price Rule for MDJM LTD?
The Bid Price Rule requires a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, and failure to meet it jeopardizes the company's listing.
Did MDJM LTD attend a hearing to discuss its compliance issues?
Yes, MDJM LTD attended a hearing before the Nasdaq Hearings Panel on June 3, 2025, to address its failure to regain compliance with the minimum bid price.
What is the company's country of incorporation?
MDJM LTD is a Cayman Islands company.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on June 17, 2025 regarding MDJM LTD (UOKA).