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MDJM LTD reports that an independent Nasdaq Hearings Panel has denied its request to reinstate its Nasdaq listing and has determined to delist the Company’s Class A ordinary shares. The decision follows a prior determination after the shares traded at a closing bid price of $0.10 or less for 10 consecutive business days.
The Company had requested a hearing on March 20, 2026, and received the adverse written decision on May 14, 2026. This Form 6-K is also incorporated by reference into MDJM’s existing registration statements on Form F-3 and Form S-8 and the related prospectuses.
MDJM Ltd disclosure: three reporting persons — Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital LLC — each report beneficial ownership of 962 Class A ordinary shares attributable to a warrant (the "Intracoastal Warrant"). The filing states those 962 shares represent approximately 9.99% on a basis including 1,230,890 shares outstanding as of April 1, 2026. The report lists shared voting and dispositive power over the 962 shares and classifies the position as ownership of 5% or less of the class.