MDJM LTD faces Nasdaq trading suspension after $0.10 bid

MDJM LTD reports that Nasdaq has determined to suspend trading of its shares after the stock’s closing bid price stayed at $0.10 or less for 10 consecutive business days.

Rhea-AI Filing Summary

MDJM LTD reports that Nasdaq has determined to suspend trading of its shares after the stock’s closing bid price stayed at $0.10 or less for 10 consecutive business days. Suspension is expected to take effect with the open of trading on March 20, 2026.

The company has requested a hearing before an independent Nasdaq Hearings Panel, but the suspension will not be stayed during this process. MDJM expects its shares to be eligible for trading on the OTC Markets under the ticker “UOKA” and is evaluating options to regain compliance, including a reverse stock split that became effective on March 16, 2026.

Positive

• None.

Negative

• Nasdaq suspension and sub-$0.10 bid price: Nasdaq has determined to suspend MDJM LTD’s securities after the stock closed at or below $0.10 for 10 consecutive business days, with trading expected to move to OTC Markets and relisting outcomes explicitly described as uncertain.

Insights

Equity listings and market-structure analyst

Nasdaq suspension is a clear negative, with uncertain relisting prospects.

MDJM LTD has been notified that its Nasdaq listing will be suspended after its shares closed at or below $0.10 for 10 consecutive business days. This follows a prior reverse split and ongoing monitoring under Nasdaq’s discretionary panel rules, signaling persistent listing-compliance stress.

The company plans to request a hearing before an independent panel, but the filing notes this will not halt the suspension. Shares are expected to trade on OTC Markets under “UOKA,” which typically implies lower liquidity and visibility. Management cites a new reverse stock split effective March 16, 2026 as part of efforts to regain compliance, yet the outcome of the hearing and any relisting remains uncertain based on the disclosure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq action did MDJM LTD (UOKA) disclose?

Nasdaq staff notified MDJM LTD that its securities will be suspended because the closing bid price stayed at or below $0.10 for 10 consecutive business days. Suspension is expected to take effect with the open of trading on March 20, 2026.

Why is MDJM LTD facing suspension from the Nasdaq Capital Market?

The company’s securities had a closing bid price of $0.10 or less for 10 consecutive business days, triggering Nasdaq Listing Rule 5810(c)(3)(A)(iii) and 5810(c)(3)(A)(iv). Nasdaq staff therefore issued a determination letter stating that MDJM LTD’s securities would be suspended from Nasdaq trading.

Will MDJM LTD (UOKA) shares still trade after the Nasdaq suspension?

MDJM LTD expects its securities to be eligible for trading on the OTC Markets under the same ticker symbol “UOKA.” This OTC trading is anticipated to occur during the period when Nasdaq trading is suspended, while the company pursues a hearing and potential compliance measures.

How is MDJM LTD responding to Nasdaq’s suspension determination?

The company intends to request a hearing before an independent Nasdaq Hearings Panel. However, the hearing request will not stay the suspension. MDJM is considering all options to regain compliance with Nasdaq listing standards and return to good standing, according to the disclosure.

What role does MDJM LTD’s reverse stock split play in its Nasdaq compliance efforts?

MDJM LTD states that a reverse stock split became effective on March 16, 2026 as part of broader efforts to regain compliance. The company previously executed a 1-for-25 reverse split on May 20, 2025, and remains subject to additional Nasdaq monitoring provisions mentioned in the disclosure.

Is there any assurance MDJM LTD will regain its Nasdaq listing?

The company explicitly notes there can be no assurance the Nasdaq Hearings Panel will grant its request for continued listing or provide relief from suspension. The filing emphasizes that the ultimate outcome of the hearing process and any return to Nasdaq remain uncertain.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Accepted by SEC EDGAR 03/19/2026 - 08:00 AM 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 March 2026

Commission File Number: 001-38768

MDJM LTD

Fernie Castle, Letham 

Cupar, Fife, KY15 7RU
United Kingdom
(Address of principal executive office)

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

Form 20-F x Form 40-F ¨

Exhibit Index

Exhibit No.		Description
99.1		MDJM LTD Announces Receipt of Nasdaq Suspension Determination and Plans to Request a Hearing before an Independent Nasdaq Hearings Panel

SIGNATURE

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.

Dated: March 19, 2026

	MDJM LTD
	By:	/s/Siping Xu
	Name:	Siping Xu
	Title:	Chief Executive Officer, Chairman of the Board of Directors, and Director

Exhibit 99.1

MDJM LTD Announces Receipt of Nasdaq Suspension Determination and Plans to Request a Hearing before an Independent Nasdaq Hearings Panel

LETHAM, Scotland, March 19, 2026 /PRNewswire/ -- MDJM LTD (Nasdaq: UOKA) (the “Company”), an integrated global culture innovation company, today announced that the Company received a staff determination letter (the “Letter”), on March 13, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that, as the Company’s securities had a closing bid price of $0.10 or less for 10 consecutive business days, its securities would be suspended effective with the open of trading on March 20, 2026. Because the Company effected a 1 for 25 reverse stock split on May 20, 2025,the Company is also subject to the provisions set forth in Nasdaq Listing Rule 5810(c)(3)(A)(iii) and Rule 5810(c)(3)(A)(iv). In addition, following the Nasdaq Listing Qualifications Panel’s decision dated November 19, 2025, the Company is subject to a Discretionary Panel Monitor under Nasdaq Listing Rule 5815(d)(4)(A) for a period of one year.

The Company intends to timely request a hearing before an independent Hearings Panel (the “Panel”). Notwithstanding, given that the Company traded below $0.10 for 10 consecutive business days, the hearing request will not stay the suspension of the Company’s securities. During the pendency of the hearing, the Company expects that its securities will be eligible to be traded on the OTC Markets under the same ticker symbol “UOKA.” There can be no assurance that the Panel will grant the Company’s request for continued listing or otherwise provide relief from the suspension determination, and the ultimate outcome of the hearing process remains uncertain.

The Company is currently considering all options available to regain compliance with Nasdaq’s listing requirements and return to good standing on Nasdaq, including a reverse stock split, which became effective on March 16, 2026, and will provide its shareholders with any material updates when they are available.

About MDJM LTD

MDJM LTD is a global culture innovation company focused on cultural IP development, animation production, international licensing, and cultural venue operations. The Company has been expanding its operations in the UK, where it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in England. These properties are being remodeled into multi-functional cultural venues that will feature fine dining, hospitality services, art exhibitions, and cultural exchange events. As part of its broader strategy, the Company is collaborating with select European animation studios to develop animated short films that blend Eastern themes with Western artistry. The Company aims to integrate Eastern philosophy with international artistic practices, creating a global cultural ecosystem built on storytelling and immersive experience. This initiative reflects the Company's commitment to furthering its global market expansion and enhancing its cultural business footprint. For more information regarding the Company, please visit https://www.ir-uoka.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.

Investor Contact

Sherry Zheng
WAVECREST GROUP INC.
Phone: +1 718-213-7386
Email: sherry@wavecrestipo.com 

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 7.9 KB