DelistingJun 17, 2026, 04:46 PM
Nasdaq to Delist Smart Digital Group Securities on June 24
AI Summary
The Nasdaq Stock Market announced it has notified Smart Digital Group Limited (SDM) that its securities will be delisted from the Nasdaq Stock Market LLC on June 24, 2026. This action follows a temporary trading suspension by the U.S. Securities and Exchange Commission and Nasdaq's subsequent halt of trading in October 2025. The delisting is subject to an appeal by the company, and securities will remain halted until any appeal is resolved, after which they may be eligible for over-the-counter trading.
Key Highlights
- Nasdaq notified Smart Digital Group Limited (SDM) of its securities delisting.
- SDM securities will be delisted from Nasdaq Stock Market LLC on June 24.
- The delisting is subject to an appeal to a Listing Qualifications Hearings Panel.
- Securities will remain halted and unavailable for trading until any appeal is resolved.
- Following removal, SDM securities may be eligible for trading in the over-the-counter market.
- Nasdaq halted trading in SDM's ordinary shares on October 11, 2025, after an SEC suspension.
- Nasdaq exercised its authority under IM-5101-4 to delist the company's securities.
Price Impact
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