DelistingJun 23, 2026, 02:21 PM
QMMM Holdings Receives Nasdaq Delisting Determination
AI Summary
QMMM Holdings Limited announced it received a Staff Delisting Determination from Nasdaq on June 17, 2026. Nasdaq's decision is based on its discretionary authority and the company's delay in filing its Form 20-F for the fiscal year ended September 30, 2025. QMMM intends to appeal the determination by requesting an oral hearing before the Nasdaq Hearings Panel and will submit a plan of compliance.
Key Highlights
- Received Staff Delisting Determination from Nasdaq on June 17, 2026.
- Nasdaq determined to delist securities under discretionary authority (Rule IM-5101-4).
- Delay in filing Form 20-F for FY ended Sep 30, 2025, is an independent delisting basis (Rule 5250(c)(1)).
- Company intends to appeal the Staff Determination by requesting an oral hearing.
- Current trading halt under Rule 4120(a)(5) will remain during any stay.
- Company will submit a written plan of compliance to the Nasdaq Hearings Panel.
Price Impact
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