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MDJM LTD's Nasdaq Delisting Notification

On April 25, 2025, MDJM LTD (Nasdaq: UOKA), a prominent asset management company, announced receiving a significant determination from Nasdaq regarding its compliance with listing requirements. The Listing Qualifications Department of Nasdaq notified MDJM that, due to its failure to meet the minimum bid price of $1.00 per share, the company will face delisting unless it successfully appeals this determination.

Background of the Situation

The issue traces back to October 23, 2024, when MDJM was originally informed via a notification letter about its non-compliance. This notification indicated that the company's securities had not achieved the necessary minimum bid price over a 30-day trading window preceding the letter. Accordingly, the company was granted a 180-day period to regain compliance, which concluded on April 21, 2025. Unfortunately, as confirmed by Nasdaq in the determination letter, the company did not manage to meet the required price and equity standards during that timeframe.

Under Listing Rule 5810(c)(3)(A), MDJM had the opportunity to regain compliance within this period, but was ultimately ineligible for a second chance due to failing to maintain the requisite stockholder equity of $5 million. This has led to an uncertain future for MDJM’s stock, as failure to appeal by April 30, 2025, will result in the suspension of its securities from trading.

Plans for Appeal

MDJM is currently preparing to request a hearing before the Nasdaq Hearings Panel. The panel's consideration of the appeal will temporarily delay the suspension action and the filing of a Form 25-NSE, which is necessary for delisting from Nasdaq.

The company is also contemplating various options, including a reverse stock split, which could potentially enhance the stock price and fulfill Nasdaq's requirements. Executives have assured shareholders that they will provide timely updates regarding developments in this pressing situation.

About MDJM LTD

Founded as a culture-driven asset management company, MDJM LTD is focused on the revitalization of historical properties, transforming them into cultural hubs that blend modern digital technology with rich historical significance. Initiatives include projects like the Fernie Castle in Scotland and the Robin Hill Property in England, which are being configured as multifunctional venues for art, dining, hospitality, and cultural events.

As they expand their operations within the UK, MDJM aims to strengthen cultures in both the Eastern and Western traditions through its artistic and community-oriented endeavors. This current challenge with Nasdaq may serve as a pivotal moment in the company’s journey and its future dealings in the public market.

In these challenging times, MDJM's leadership remains committed to exploring all avenues to protect shareholder interests and enhance its market standing. For further updates and specifics about MDJM’s business strategies and financial health, interested parties are encouraged to visit their official information page here.

Conclusion

As the deadline approaches, all eyes will be on MDJM as it navigates this critical juncture with Nasdaq. The outcome of its appeal will undoubtedly shape its trajectory in the investment community, alongside the company’s efforts to innovate and maintain its cultural significance in the marketplace.