Nasdaq (Nasdaq: NDAQ) notified QMMM Holdings Limited (Nasdaq: QMMM) that its securities are expected to be delisted from the Nasdaq Stock Market on June 24, 2026, unless QMMM appeals to a Listing Qualifications Hearings Panel.
Trading in QMMM shares remains halted and may move to the over-the-counter market after removal.
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Positive
Securities may become eligible for over-the-counter trading after Nasdaq removal
Negative
Nasdaq plans to delist QMMM securities effective June 24, 2026, absent appeal
QMMM securities remain halted and unavailable to trade until any appeal is resolved
Trading in QMMM ordinary shares has been halted on Nasdaq since October 11, 2025
Nasdaq is using its IM-5101-4 authority to remove QMMM from its market
News Market Reaction – NDAQ
-1.26%
68 alerts
-1.26%Session close to close
-3.9%Trough in 1 hr 42 min
$48.48BMarket Cap
1.2xRel. Volume
In the Jun 18 session, NDAQ declined 1.26%, reflecting a mild negative market reaction.
Argus tracked a trough of -3.9% from its starting point during tracking.
Our momentum scanner triggered 68 alerts that day, indicating high trading interest and price volatility.
This announcement highlights Nasdaq enforcing its rules by moving to delist QMMM on June 24, 2026 af...
Analysis
This announcement highlights Nasdaq enforcing its rules by moving to delist QMMM on June 24, 2026 after an SEC suspension. With shares already below the 200-day MA, investors may watch for further regulatory developments and issuer-specific actions.
"its securities will be delisted from the Nasdaq Stock Market LLC on June 24"
Delisted means a company's shares have been removed from a public stock exchange and are no longer traded on that venue. For investors this matters because it reduces ease of buying or selling the stock, cuts off regular price discovery and exchange oversight, and can signal regulatory or financial problems; it's like a product being pulled from a supermarket shelf and only available through harder-to-find channels.
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.
trading suspensionregulatory
"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.
im-5101-4regulatory
"Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4"
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 17, 2026 (GLOBE NEWSWIRE) -- 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/34-104112-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 Limited (Nasdaq: QMMM) facing delisting from Nasdaq in June 2026?
QMMM faces delisting because Nasdaq determined it appropriate to use its IM-5101-4 authority. According to Nasdaq, QMMM securities will be removed on June 24, 2026, unless the company appeals to a Listing Qualifications Hearings Panel.
What is the effective date of the anticipated QMMM (Nasdaq: QMMM) delisting from Nasdaq?
Nasdaq plans to delist QMMM securities on June 24, 2026, absent an appeal. According to Nasdaq, QMMM can request a Listing Qualifications Hearings Panel review, which could affect timing and the final outcome of the delisting process.
Can QMMM (Nasdaq: QMMM) shares trade after removal from the Nasdaq Stock Market?
QMMM shares may be eligible for over-the-counter trading after Nasdaq removal. According to Nasdaq, eligibility would follow the securities’ delisting, potentially restoring some secondary market trading access outside the Nasdaq Stock Market.
Why are QMMM (Nasdaq: QMMM) securities currently halted and unavailable for trading?
QMMM securities are halted following a prior SEC temporary trading suspension and a subsequent Nasdaq halt. According to Nasdaq, the halt will continue until any appeal is resolved and the securities are officially removed from the Nasdaq Stock Market.
Since when have QMMM (Nasdaq: QMMM) ordinary shares been halted on Nasdaq?
QMMM ordinary shares have been halted on Nasdaq since October 11, 2025. According to Nasdaq, this halt followed a temporary trading suspension in the company’s securities by the U.S. Securities and Exchange Commission and remains in place during the delisting process.
What Nasdaq rule is being used to delist QMMM (Nasdaq: QMMM) securities?
Nasdaq is relying on its authority under IM-5101-4 to delist QMMM securities. According to Nasdaq, this interpretive material provides discretion to remove securities when deemed appropriate, supplementing the formal Nasdaq Rule 5800 Series governing delistings.
