DelistingJun 23, 2026, 02:31 PM
QMMM Receives Nasdaq Delisting Notice; Plans Appeal
AI Summary
QMMM Holdings Ltd. announced it received a Staff Delisting Determination from Nasdaq on June 17, 2026. The delisting is based on Nasdaq's discretionary authority and the company's delay in filing its Form 20-F for the fiscal year ended September 30, 2025. QMMM plans to appeal the determination by requesting an oral hearing before the Nasdaq Hearings Panel and will submit a written plan of compliance, though there is no assurance of success.
Key Highlights
- QMMM received a Staff Delisting Determination from Nasdaq on June 17, 2026.
- Delisting is based on Nasdaq Listing Rule IM-5101-4 (discretionary authority).
- Delay in filing Form 20-F for FY2025 is an independent basis for delisting under Rule 5250(c)(1).
- Company intends to appeal the Staff Determination by requesting an oral hearing.
- A trading halt under Rule 4120(a)(5) remains in place for the company's securities.
- QMMM will submit a written plan of compliance to the Nasdaq Hearings Panel.
- There is no assurance that the appeal will be successful or the plan approved.
Price Impact
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