MDJM LTD Faces Nasdaq Suspension but Plans to Appeal Hearing

MDJM LTD Announces Receipt of Nasdaq Suspension Determination

On March 19, 2026, MDJM LTD (listed on Nasdaq as UOKA), a pioneering integrated global culture innovation company, revealed significant challenges it is currently facing related to its stock market status. Recently, the company received a determination letter from the Nasdaq Stock Market Listing Qualifications Department indicating that due to having a closing bid price of $0.10 or less for ten consecutive trading days, MDJM LTD's securities would be suspended effective at the market open on March 20, 2026.

Key Details of the Suspension

The determination stems from the company's prior actions, which included a 1-for-25 reverse stock split executed on May 20, 2025, affecting its compliance under Nasdaq Listing Rule 5810. Following a prior ruling by the Nasdaq Listing Qualifications Panel last November, the company has been under a discretionary monitor following its earlier listing challenges which adds an additional layer of complexity to its current situation.

Despite these challenges, MDJM LTD is preparing to take action. The company intends to request a hearing before an independent Nasdaq Hearings Panel regarding this suspension. It is essential to note that while this hearing request is being pursued, it does not halt the suspension of the company's securities. During the hearing process, MDJM expects that its securities will still be tradable in the OTC Markets under the existing ticker symbol, UOKA.

Current Strategy and Next Steps

MDJM LTD is actively evaluating various strategies to comply with Nasdaq's listing requirements to regain its standing in the market. This includes potential future considerations of additional reverse stock splits if necessary. The company has assured its shareholders that any material information and updates will be communicated as they become available.

About MDJM LTD

The company, MDJM LTD, focuses on cultural IP development, animation production, and international collaborations that expand its cultural venue operations. Currently, MDJM is involved in developing cultural venues in the UK, with projects such as Fernie Castle in Scotland. These properties aim to transform into dynamic cultural spaces offering fine dining, hospitality, exhibitions, and cultural exchanges. To further enhance its creative edge, MDJM collaborates with selective European animation studios to craft animated shorts fusing Eastern philosophies with Western artistic styles. This initiative forms part of a larger vision to cultivate a global cultural environment through storytelling and immersive experiences.

MDJM LTD remains committed to expanding its global footprint amid current challenges and looks forward to overcoming obstacles with the support of its stakeholder community. For more detailed information on MDJM LTD, you can visit their official site at www.ir-uoka.com.

Conclusion

In conclusion, MDJM LTD’s situation with Nasdaq introduces uncertainty but reflects their ongoing commitment to innovation and cultural expansion. As the company navigates through these challenges, the upcoming hearing with Nasdaq may become pivotal in determining its future trajectory in the stock market. Investors and stakeholders eagerly anticipate the outcomes of the hearings and the company's potential strategies moving forward.