STOCK TITAN

QMMM Holdings (NASDAQ: QMMM) hit with Nasdaq delisting notice and trading halt

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

QMMM Holdings Ltd. reports that Nasdaq has issued a Staff Delisting Determination for its securities under Nasdaq Listing Rule IM-5101-4, also citing the company’s delayed Form 20-F for the year ended September 30, 2025 as a separate basis for delisting under Rule 5250(c)(1).

The company plans to appeal by requesting an oral hearing before the Nasdaq Hearings Panel and will submit a written plan of compliance while seeking a time-limited exception under Rule 5815. A trading halt under Rule 4120(a)(5) remains in effect, and any stay of suspension tied to the appeal is limited to 15 days unless an additional stay is granted. QMMM cautions there is no assurance the Panel will approve its compliance plan or grant the requested exception.

Positive

  • None.

Negative

  • Nasdaq Staff Delisting Determination and trading halt: Nasdaq has determined to delist QMMM’s securities under Listing Rule IM-5101-4, also citing a late Form 20-F under Rule 5250(c)(1). The shares are subject to a trading halt, and there is no assurance the company’s appeal or compliance plan will succeed.

Insights

Nasdaq has moved to delist QMMM; outcome of the appeal is uncertain.

QMMM Holdings Ltd. received a Staff Delisting Determination from Nasdaq under Listing Rule IM-5101-4, with the late Form 20-F for the year ended September 30, 2025 cited as an additional delisting basis under Rule 5250(c)(1). Trading in the shares is already halted under Rule 4120(a)(5).

The company intends to appeal by requesting an oral hearing before the Nasdaq Hearings Panel and submitting a written compliance plan, seeking a time-limited exception under Rule 5815. However, any automatic stay of suspension related to a delinquent filing is limited to 15 days unless the Panel grants a further stay.

For investors, this highlights material listing risk: continued Nasdaq trading depends on regulatory and procedural outcomes rather than operating performance. Future company disclosures will clarify whether the appeal succeeds, whether an exception is granted, and if the delayed Form 20-F is brought current.

Commission File Number 001-42183 SEC registration identifier for QMMM Holdings Ltd.
Fiscal year-end referenced September 30, 2025 Year-end for the delayed Form 20-F cited by Nasdaq
Automatic stay period 15 days Maximum automatic stay of suspension for delinquent filing hearing requests under Rule 5815(a)(1)(B)
Years in industry Over 18 years QMMM’s operating history in Hong Kong’s digital advertising industry
Completed campaigns Over 500 campaigns Number of commercial campaigns completed using interactive and virtual technologies
Nasdaq Listing Rule IM-5101-4 regulatory
"Nasdaq has determined to delist the Company’s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4."
Listing Rule 5250(c)(1) regulatory
"Nasdaq asserts that the Company’s delay in filing its Form 20-F ... serves as an independent basis for delisting under Listing Rule 5250(c)(1)."
A Nasdaq listing standard that requires companies traded on the exchange to file their regular financial reports with the U.S. Securities and Exchange Commission on time, such as annual and quarterly reports, and to notify Nasdaq if filings are late. It matters to investors because these filings provide the routine, reliable information needed to judge a company’s health; missing them can trigger warnings, trading suspension, or removal from the exchange, which can sharply affect liquidity and share value — like a business losing its operating license for failing inspections.
Form 20-F regulatory
"delay in filing its Form 20-F for the fiscal year ended September 30, 2025 serves as an independent basis for delisting"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
Nasdaq Hearings Panel regulatory
"The Company intends to appeal the Staff Determination by filing a request for oral hearing before the Nasdaq Hearings Panel."
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
trading halt market
"The current trading halt under Rule 4120(a)(5) with regards to the Company’s securities will remain in place"
A trading halt is a temporary pause on buying and selling a particular stock imposed by an exchange or regulator, like pressing the pause button on a game so everyone can catch up. It is used to give the market time to absorb important new information or to prevent chaotic price swings, and matters to investors because it freezes the ability to trade, delays price discovery, and can change risk and strategy until normal trading resumes.
forward-looking statements regulatory
"This Form 6-K contains forward-looking statements that involve risks and uncertainties."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June, 2026

 

Commission File Number: 001-42183

 

QMMM Holdings Ltd.

(Registrant’s Name)

 

Workshop 9, 11/F., Kodak House II, 39 Healthy Street East, Hong Kong

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Nasdaq Delisting Notice And Company Appeal

 

On June 17, 2026, QMMM Holdings Ltd. (the “Company”) received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), Nasdaq has determined to delist the Company’s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4. In addition, Nasdaq asserts that the Company’s delay in filing its Form 20-F for the fiscal year ended September 30, 2025 serves as an independent basis for delisting under Listing Rule 5250(c)(1).

 

The Company intends to appeal the Staff Determination by filing a request for oral  hearing before the Nasdaq Hearings Panel (the “Panel”) pursuant to Nasdaq Listing Rule 5815. Per Rule 5815(a)(1)(B), a request for a hearing regarding a delinquent filing will only stay the suspension of the Company’s securities for a period of 15 days from the deadline to request a hearing unless the Company specifically requests, and the Hearings Panel grants, a further stay. The current trading halt under Rule 4120(a)(5) with regards to the Company’s securities will remain in place during any automatic stay or further stay granted by the Panel.

 

Per Listing Rule 5815(a)(5), the Company will submit to the Hearings Panel a written plan of compliance, and request that the Panel grant an exception to the listing standards for a limited time period, as permitted by Rule 5815(c)(1)(A). There can be no assurance, however, that the Panel will approve the Company’s plan to regain compliance and/or grant the requested exception, nor can there be any assurance that such plan will be successful if brought into effect. 

 

The Company furnishes this report on Form 6-K to satisfy its obligation under Listing Rule 5810(b) to make public disclosure of the subject deficiency and of the Staff Determination within four business days thereof.

 

Forward-Looking Statements

 

This Form 6-K contains forward-looking statements that involve risks and uncertainties. The risks and uncertainties involved include the Company’s ability to regain compliance with Nasdaq’s rules for continued listing, market conditions, and other risks detailed from time to time in the Company’s periodic reports and other filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking statements, which are based on the Company’s current expectations and assumptions and speak only as of the date of this Form 6-K. The Company does not intend to revise or update any forward-looking statement in this Form 6-K as a result of new information, future events or otherwise, except as required by law.

 

Financial Statements and Exhibits

 

The following exhibits are being filed herewith:

 

Exhibit No.   Description
99.1   Press Release

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  QMMM Holdings Ltd.
     
Date: June 23, 2026 By: /s/ Bun Kwai
  Name: Bun Kwai
  Title: Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

QMMM Announces Receipt of Delisting Notice from Nasdaq

 

Hong Kong, June 23, 2026 (GLOBE NEWSWIRE) – QMMM Holdings Limited (NASDAQ: QMMM) (the “Company” or “QMMM”), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced that on June 17, 2026, the Company received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that Nasdaq has determined to delist the Company’s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4. In addition, Nasdaq asserts that the Company’s delay in filing Form 20-F for the fiscal year ended September 30, 2025 serves as an independent basis for delisting under Listing Rule 5250(c)(1).

 

The Company intends to appeal the Staff Determination by filing a request for oral  hearing before the Nasdaq Hearings Panel (the “Panel”) pursuant to Nasdaq Listing Rule 5815. Per Rule 5815(a)(1)(B), a request for a hearing regarding a delinquent filing will only stay the suspension of the Company’s securities for a period of 15 days from the deadline to request a hearing unless the Company specifically requests, and the Hearings Panel grants, a further stay. The current trading halt under Rule 4120(a)(5) with regards to the Company’s securities will remain in place during any automatic stay or further stay granted by the Panel.

 

Per Listing Rule 5815(a)(5), the Company will submit to the Hearings Panel a written plan of compliance, and request that the Panel grant an exception to the listing standards for a limited time period, as permitted by Rule 5815(c)(1)(A). There can be no assurance, however, that the Panel will approve the Company’s plan to regain compliance and/or grant the requested exception, nor can there be any assurance that such plan will be successful if brought into effect. 

 

About QMMM Holdings Limited

 

QMMM Holdings Limited (the “Company”) is an award-winning digital advertising and marketing production services company. Through its operating subsidiaries ManyMany Creations Limited and Quantum Matrix Limited in Hong Kong, the Company has used interactive design, animation, art-tech and virtual technologies in over 500 commercial campaigns. The Company has worked with large domestic and international banks, real estate developers, world famous amusement park, top international athletic apparel and footwear brands and luxury cosmetic products and international brands for their advertising and creation work in Hong Kong. Standing prominently in Hong Kong for over 18 years in the industry, with top creativity, premium account servicing, and ever-advancing tech R&D, the Company continues to be one of the top premium choices for enterprises and multinational enterprises looking for large scale content-heavy and tech-integrated campaigns. The clients of the Company include local and international banks, real-estate developers, luxury brands, high fashion houses, and theme parks.

 

 

 

 

Safe Harbor Statement

 

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to satisfy the closing conditions related to the offering, our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

 

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

 

For enquiry, please contact:

 

QMMM Holdings Limited

Unit 1301, Block C,

Sea View Estate,

8 Watson Road,

Tin Hau, Hong Kong

Phone: +852 3549 6889

Email: info@qmmm.io

 

2

 

FAQ

What did Nasdaq communicate to QMMM Holdings Ltd. (QMMM)?

Nasdaq issued a Staff Delisting Determination stating it has decided to delist QMMM’s securities under Listing Rule IM-5101-4. Nasdaq also asserts the company’s delayed Form 20-F for the year ended September 30, 2025 is an independent delisting basis under Listing Rule 5250(c)(1).

Why is QMMM’s delayed Form 20-F a problem for its Nasdaq listing?

Nasdaq cites QMMM’s delay in filing its Form 20-F for the fiscal year ended September 30, 2025 as an independent basis for delisting under Listing Rule 5250(c)(1). Timely periodic reports are required for continued listing, so delinquency can trigger compliance actions, including potential delisting.

How does QMMM plan to respond to Nasdaq’s delisting determination?

QMMM intends to appeal by filing a request for an oral hearing before the Nasdaq Hearings Panel under Listing Rule 5815. It will submit a written plan of compliance and ask the Panel for a limited-time exception to listing standards, as permitted by Rule 5815(c)(1)(A).

What happens to QMMM trading during the Nasdaq appeal process?

The company’s securities are subject to a trading halt under Nasdaq Rule 4120(a)(5). A hearing request regarding a delinquent filing provides only a 15-day automatic stay of suspension unless the company requests, and the Hearings Panel grants, a further stay, so trading remains constrained during this period.

Is there any assurance that QMMM will remain listed on Nasdaq?

The company explicitly states there can be no assurance the Nasdaq Hearings Panel will approve its compliance plan or grant the requested exception. Even if an exception is granted, there is no assurance the plan to regain compliance will be successful once implemented.

What business does QMMM Holdings Ltd. operate?

QMMM is a Hong Kong-based digital advertising and marketing production services company. Through subsidiaries, it uses interactive design, animation, art-tech and virtual technologies and has completed over 500 commercial campaigns for banks, real estate developers, theme parks, and luxury and high-fashion brands.

Filing Exhibits & Attachments

1 document