MDJM (OTCQB: UOKAF) shares move off Nasdaq after final delisting
Rhea-AI Filing Summary
MDJM LTD reported that the appeals process regarding its Nasdaq listing has concluded with a final decision to delist its Class A ordinary shares. A Nasdaq Hearings Panel initially denied reinstatement on May 14, 2026, and the Nasdaq Listing and Hearing Review Council affirmed that decision on July 28, 2026. On August 12, 2026, the Nasdaq Board of Directors declined to call the Listing Council’s decision for review, making it Nasdaq’s final action under Nasdaq Listing Rule 5820(e)(6). Nasdaq will now proceed under Nasdaq Listing Rule 5830 and Rule 12d2-2 under the Exchange Act to remove the shares from listing. MDJM’s Class A ordinary shares are currently quoted on the OTCQB Venture Market under the ticker symbol “UOKAF.”
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- Final decision to delist Class A ordinary shares from Nasdaq, with trading moved to the OTCQB Venture Market under ticker “UOKAF.”
Filing Explained
Beyond the delisting update, this Form 6-K is incorporated by reference into MDJM’s F-3 and S-8 registration statements and related prospectuses, making the report part of those disclosure packages without stating that securities were offered or sold.
Key Figures
Panel decision date: May 14, 2026
Appeal date: May 28, 2026
Listing Council decision date: July 28, 2026
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6 metrics
Panel decision date
May 14, 2026
Date Nasdaq Hearings Panel denied MDJM’s request to reinstate its Nasdaq listing
Appeal date
May 28, 2026
Date MDJM appealed the Panel’s delisting decision to the Nasdaq Listing Council
Listing Council decision date
July 28, 2026
Date Nasdaq Listing and Hearing Review Council affirmed the Panel’s delisting decision
Nasdaq Board action date
August 12, 2026
Date Nasdaq Board declined to call the Listing Council’s decision for review
Form F-3 file number
333-294010
Registration statement into which this 6-K is incorporated by reference
Form S-8 file number
333-278269
Employee benefit registration statement incorporating this 6-K by reference
Key Terms
Nasdaq Hearings Panel, Nasdaq Listing and Hearing Review Council, Nasdaq Listing Rule 5820(e)(6), Nasdaq Listing Rule 5830, +1 more
5 terms
Nasdaq Hearings Panel regulatory
"received a written decision from 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.
Nasdaq Listing and Hearing Review Council regulatory
"appealed the Panel’s decision to the Nasdaq Listing and Hearing Review Council"
A Nasdaq Listing and Hearing Review Council is an independent appeal panel that examines contested decisions about a company’s eligibility to be listed or removed from the Nasdaq stock market. Think of it as a referee review for listing rulings: it gives companies a second look and investors transparency around whether a stock stays tradable on that exchange, which can affect a company’s visibility, liquidity, and investor confidence.
Nasdaq Listing Rule 5820(e)(6) regulatory
"pursuant to Nasdaq Listing Rule 5820(e)(6), the decision of the Listing Council"
Nasdaq Listing Rule 5830 regulatory
"will follow the procedures set forth in Nasdaq Listing Rule 5830"
OTCQB Venture Market market
"Class A ordinary shares are currently quoted on the OTCQB Venture Market"
The OTCQB Venture Market is a tier of the over‑the‑counter (OTC) trading platform that groups early‑stage, smaller companies that do not meet the stricter requirements of higher OTC tiers. It gives investors a way to buy and sell shares in these higher‑risk, less mature firms with generally lower reporting and transparency standards; think of it as a marketplace’s “starter lane” where potential is available but uncertainty and volatility are higher, so investors should expect greater risk and do extra homework.
FAQ
What did MDJM LTD (UOKAF) announce regarding its Nasdaq listing?
MDJM LTD announced that its Class A ordinary shares will be delisted from Nasdaq after Nasdaq’s appeal process concluded. The Nasdaq Board declined further review, so the Listing Council’s July 28, 2026 decision stands as Nasdaq’s final action.
When did Nasdaq make the final decision about MDJM LTD’s UOKAF delisting?
The Nasdaq Listing and Hearing Review Council affirmed delisting on July 28, 2026. On August 12, 2026, the Nasdaq Board of Directors declined to review that decision, making it Nasdaq’s final action under Listing Rule 5820(e)(6).
Did MDJM LTD (UOKAF) appeal the Nasdaq delisting decision?
Yes. MDJM LTD appealed the Nasdaq Hearings Panel’s May 14, 2026 delisting decision to the Listing Council on May 28, 2026. The Listing Council later affirmed the delisting, and the Nasdaq Board declined further review.
Which Nasdaq rules govern the delisting of MDJM LTD (UOKAF)?
The final delisting action for MDJM LTD is governed by Nasdaq Listing Rule 5820(e)(6). Nasdaq indicated it will follow Nasdaq Listing Rule 5830 and Rule 12d2-2 under the Exchange Act to remove the Class A ordinary shares from listing.
How does this 6-K affect MDJM LTD’s existing registration statements?
This 6-K is incorporated by reference into MDJM LTD’s Form F-3 (File No. 333-294010) and Form S-8 (File No. 333-278269). It becomes part of the information available under those registration statements unless later filings supersede it.
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