DelistingApr 10, 2026, 05:01 PM
Callan JMB Inc. Receives Nasdaq Delisting Notice for $2.5M Equity Deficiency
AI Summary
Callan JMB Inc. received a deficiency letter from Nasdaq on April 7, 2026, indicating non-compliance with the minimum $2,500,000 stockholders' equity requirement for continued listing. The company has 45 calendar days, until May 22, 2026, to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant up to 180 calendar days, until October 4, 2026, to meet the standard. While there is no immediate effect on the listing or trading of the company's common stock, there is no assurance that the plan will be accepted or that compliance will be regained.
Key Highlights
- Received Nasdaq deficiency notice on April 7, 2026.
- Failed to meet $2,500,000 minimum stockholders' equity requirement.
- Must submit a compliance plan by May 22, 2026 (45 days).
- Could get up to 180 days (until Oct 4, 2026) to regain compliance.
- No immediate impact on stock trading under 'CJMB'.