Nasdaq (NDAQ) notified QMMM Holdings (QMMM) that its securities are set to be delisted from The Nasdaq Stock Market on June 24, 2026, unless the company appeals to a Listing Qualifications Hearings Panel.
Trading in QMMM shares has been halted since October 11, 2025 following a temporary U.S. SEC trading suspension. The halt will continue until any appeal is resolved and the securities are removed from Nasdaq. After removal, the securities may be eligible for over-the-counter trading. Nasdaq is using its authority under IM-5101-4 to delist the securities.
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Positive
Potential OTC trading eligibility after removal from Nasdaq
Defined timeline for QMMM listing status decision by June 24, 2026
Negative
Nasdaq plans to delist QMMM securities on June 24, 2026
QMMM shares remain halted with no trading until appeal resolution and removal
Delisting action taken under Nasdaq authority IM-5101-4 after SEC trading suspension
News Market Reaction – NDAQ
-1.26%
-1.26%Session close to close
In the Jun 18 session, NDAQ declined 1.26%, reflecting a mild negative market reaction.
This announcement corrects a prior notice on QMMM’s anticipated Nasdaq delisting under rule IM-5101-...
Analysis
This announcement corrects a prior notice on QMMM’s anticipated Nasdaq delisting under rule IM-5101-4, following an SEC trading suspension. It highlights Nasdaq’s enforcement role, while investors may monitor whether affected issuers transition to over-the-counter trading.
"Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission"
A trading suspension is a temporary halt on buying and selling a company's stock imposed by an exchange or regulator while a specific issue is resolved or more information is provided. It matters to investors because it freezes the market value and prevents trades—like pausing a game until the referee clears a disputed play—so investors cannot adjust positions and may face sudden price moves or uncertainty when trading resumes.
listing qualifications hearings panelregulatory
"unless the company appeals to a Listing Qualifications Hearings Panel"
A listing qualifications hearings panel is a review board at a stock exchange that evaluates whether a company still meets the exchange’s rules for being listed, such as minimum share price, financial reporting, or governance standards. Think of it as a referee deciding if a team can stay in the league; its decisions can affect a stock’s ability to trade on the exchange, liquidity, investor confidence, and ultimately share value.
over-the-counter marketregulatory
"Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market"
A market where securities are bought and sold directly between dealers and brokers instead of on a centralized stock exchange. Think of it like a neighborhood bazaar compared with a big supermarket: prices and rules can vary, oversight is lighter, and some instruments are harder to trade or riskier. Investors care because OTC listings can offer access to small or specialized investments but often come with higher price volatility, lower liquidity, and greater information risk.
im-5101-4regulatory
"Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist"
An investigational product code name for a drug or medical therapy under development and testing. Think of it as a prototype being evaluated in clinical studies to prove it works and is safe; positive or negative trial results, safety findings, or regulatory decisions about it can materially affect the developer’s future revenue prospects and share price. Investors watch such codes because they signal potential new products, timelines to market, and the level of scientific and regulatory risk involved.
NEW YORK, June 18, 2026 (GLOBE NEWSWIRE) -- In a release issued under the same headline on June 17, 2026 by Nasdaq, Inc. (Nasdaq: NDAQ), please note that the link to the Trading Suspension by the U.S. Securities and Exchange Commission was replaced. The corrected release follows:
The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified QMMM Holdings Limited (Nasdaq: QMMM) that its securities will be delisted from the Nasdaq Stock Market LLC on June 24, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved, and the securities are removed from Nasdaq. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/enforcement-litigation/trading-suspensions/34-104113-ts) Nasdaq halted trading in the Company’s ordinary shares on October 11, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
Why is QMMM Holdings (QMMM) facing delisting from Nasdaq on June 24, 2026?
QMMM faces delisting because Nasdaq determined it is appropriate to use its authority under IM-5101-4. According to Nasdaq, this follows a temporary U.S. SEC trading suspension and a trading halt in QMMM ordinary shares that began on October 11, 2025.
Can QMMM Holdings (QMMM) avoid being delisted from Nasdaq?
QMMM can potentially avoid delisting by appealing to a Nasdaq Listing Qualifications Hearings Panel before June 24, 2026. According to Nasdaq, the securities will remain halted while any appeal is considered and until a final delisting decision is implemented.
What happens to QMMM (QMMM) trading after its removal from Nasdaq?
After removal from Nasdaq, QMMM securities may be eligible to trade in the over-the-counter market. According to Nasdaq, the shares will stay halted on Nasdaq until any appeal is resolved and the securities are formally removed from the exchange.
Since when have QMMM Holdings (QMMM) shares been halted on Nasdaq?
QMMM shares have been halted on Nasdaq since October 11, 2025. According to Nasdaq, the halt followed a temporary trading suspension in the company’s securities by the U.S. Securities and Exchange Commission and has continued while delisting action is considered.
How is the U.S. SEC trading suspension related to QMMM (QMMM) Nasdaq delisting?
The SEC first imposed a temporary trading suspension in QMMM securities, after which Nasdaq halted trading. According to Nasdaq, it subsequently determined that using its authority under IM-5101-4 to delist the company’s securities from Nasdaq is appropriate.
Where can investors find the Nasdaq rules for delisting like QMMM (QMMM)?
Investors can review Nasdaq’s delisting rules in the Nasdaq Rule 5800 Series. According to Nasdaq, these rules are available on the Nasdaq Listing Center website and govern procedures for trading halts, hearings, and the removal of securities from the exchange.
