DelistingMay 19, 2026, 05:02 PM
MDJM LTD Delisted from Nasdaq After Panel Denies Reinstatement
AI Summary
MDJM LTD announced its delisting from The Nasdaq Stock Market. The company initially received a notification on March 13, 2026, due to its stock price falling below $0.10 for ten consecutive business days, leading to a suspension on March 20, 2026. Despite requesting a hearing, the Nasdaq Hearings Panel denied the company's appeal on May 14, 2026, confirming the delisting of its Class A ordinary shares.
Key Highlights
- MDJM LTD received a Nasdaq delisting notification on March 13, 2026.
- The delisting was due to the stock's closing bid price being $0.10 or less for 10 consecutive business days.
- The company's securities were suspended from trading on Nasdaq effective March 20, 2026.
- MDJM LTD requested a hearing before a Nasdaq Hearings Panel on March 20, 2026.
- On May 14, 2026, the Panel denied the company's request to reinstate its listing.
- The Panel determined to delist the company's Class A ordinary shares from Nasdaq.
Price Impact
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