MDJM LTD Announces Receipt of Nasdaq Suspension Determination and Plans to Request a Hearing before an Independent Nasdaq Hearings Panel Accessibility StatementSkip NavigationLETHAM, 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"), notify ...

Core Insights - MDJM LTD is advancing its animated short film project in collaboration with H5, entering an intensive script refinement phase, which signifies a major step in artistic development [1][10] - The project aims to create original animation works through partnerships with leading international creative studios, emphasizing high artistic ambition and philosophical depth [2][10] Development Process - Recent discussions between MDJM and H5 have focused on enhancing the narrative structure, emotional resonance, and symbolic language of the film, aiming for an auteur-driven cinematic work that addresses complex human questions [3][4] - The development process includes extensive exchanges on how animation can convey philosophical themes through sensory experiences, balancing narrative clarity with poetic ambiguity [4][6] Narrative Approach - The film's narrative emphasizes atmosphere, discovery, and symbolic gestures rather than conventional conflict or dystopian themes, allowing philosophical questions to emerge naturally [5][6] - The creative team draws inspiration from both Eastern and Western cinematic traditions, referencing works by notable filmmakers such as Hayao Miyazaki and Makoto Shinkai [7] Aesthetic Direction - Creative workshops have explored the role of visual contrast in shaping the film's narrative arc, juxtaposing technologically refined environments with spaces marked by material history [8] - The proposed aesthetic direction allows the visual world to participate in storytelling, enhancing the overall narrative experience [8] Collaborative Nature - The script development phase highlights the collaborative nature of the project, showcasing a shared dedication to rigorous creative exploration among MDJM and H5 [9] - The project represents a significant step in MDJM's strategy to develop original animation intellectual properties through partnerships with internationally recognized creative studios [10] Company Overview - MDJM LTD is focused on cultural IP development, animation production, international licensing, and cultural venue operations, with ongoing projects in the UK [11][12] - The company aims to integrate Eastern philosophy with international artistic practices, creating a global cultural ecosystem centered on storytelling and immersive experiences [12]

Core Insights - The animation and creative industries in the UK and Europe are experiencing strong policy support and economic significance, becoming a strategic component of national and regional economic development [1] - The UK's creative industries contributed over £124 billion in gross value added (GVA) to the economy in 2023, representing over 5% of total UK economic output and supporting approximately 2.4 million jobs [1] - The UK government has implemented structured policies, including a 39% expenditure credit for animated productions, to attract global production and strengthen the domestic creative ecosystem [1] UK Policy Support - The UK maintains a structured policy environment for screen production and animation development, with the Audio-Visual Expenditure Credit (AVEC) system offering a 39% credit on qualifying production costs [1] - Enhanced incentives for visual-effects production will begin in 2025, with qualifying UK VFX expenditure receiving a 39% credit and previous limits on eligible spending removed [1] - These policies position the UK as a competitive location for animation production and audiovisual development [1] Scotland's Creative Economy - Scotland has positioned the creative industries as a central pillar of its cultural and economic development strategy, contributing billions to the national economy and supporting tens of thousands of jobs [1] - Public agencies like Screen Scotland and Creative Scotland are focused on building production capacity and supporting creative talent [1] - Regional cultural infrastructure is recognized for its role in attracting international projects and supporting long-term industry growth [1] European Policy Environment - The animation and audiovisual industries in Europe operate within a robust policy framework that supports cultural production and international collaboration [1] - The Creative Europe program facilitates cross-border collaboration among European studios and promotes the international circulation of European creative works [1] - National incentive programs and co-production treaties have emerged to support animation and audiovisual production across Europe [1] Animation as a Strategic Industry - Animation is increasingly recognized within policy frameworks as a high-value creative industry and cultural medium [1] - The demand for high-quality narrative content is expanding, prompting governments and industry bodies to emphasize support for animation [1] - The strengthening policy environment in the UK and Europe is expected to foster the development of animation projects and cross-border collaboration [1] Company Initiatives - MDJM LTD is focused on cultural IP development, animation production, and international licensing, expanding operations in the UK with projects like Fernie Castle and Robin Hill Property [2] - The company is collaborating with European animation studios to develop animated short films that blend Eastern themes with Western artistry [2] - This initiative reflects the company's commitment to enhancing its cultural business footprint and global market expansion [2]

Core Viewpoint - The development of a digital animation museum is highlighted as a potential growth initiative and cultural development focus for MDJM LTD, supported by recently secured financing [1] Group 1: Digital Animation Museum Initiative - The digital animation museum is positioned as an immersive cultural platform that emphasizes animation as a narrative and philosophical form of expression [1] - The museum aims to transform animation viewing into a participatory cultural experience through curated digital exhibitions and interactive programming [1] - This initiative is expected to broaden audience access to animation culture and generate revenue through digital exhibitions, content licensing, and related creative products [1] Group 2: Financing and Strategic Focus - The deployment of financing towards the digital animation museum is part of MDJM's broader efforts to support cultural innovation and pursue sustainable growth in the animation sector [1] - The company is focusing on developing and positioning its animation content for potential global reach while exploring new avenues for cultural engagement [1] - The digital animation museum will serve as a dedicated venue for MDJM's future original animation intellectual properties, contributing to the company's long-term creative asset portfolio [1]

Core Viewpoint - MDJM LTD has successfully completed two offerings totaling approximately USD 8.5 million to support its global animation production and cultural infrastructure initiatives [1][2]. Funding Details - The company raised approximately USD 6 million from an upsized public offering on February 11, 2026, and USD 2.5 million from a registered direct offering on March 2, 2026 [2]. - About 50% of the combined funding will be allocated to international animation collaborations and the development of a cultural project at Fernie Castle in Scotland [2]. Animation Co-Productions - A portion of the new capital will be used for co-producing two animated films with renowned studios H5 and Abano Producións, with completion targeted by the end of 2026 [3][4]. - MDJM aims to leverage innovative storytelling and high artistic standards through these collaborations, while establishing a long-term ecosystem of proprietary original IP assets [4]. Cultural Development at Fernie Castle - The funding will also support the design and planning of a cultural development project at Fernie Castle, integrating heritage architecture and animation-related programming [5][6]. - The project involves collaboration with Kengo Kuma & Associates and Simpson & Brown LLP, focusing on preserving architectural integrity while enhancing contemporary cultural functionality [5][6]. Global Cultural Strategy - MDJM is advancing a global cultural development framework that combines content creation, cultural space design, and global creative industry development [9]. - The company remains optimistic about the long-term growth of the global animation industry, believing that demand for high-quality storytelling will continue to expand [9][10].

Core Viewpoint - MDJM LTD has announced a registered direct offering of 24,600,000 Class A ordinary shares at a price of $0.1015 per share, aiming to raise approximately $2.5 million before expenses [1]. Group 1: Offering Details - The offering is expected to close on or about March 2, 2026, subject to customary closing conditions [1]. - Maxim Group LLC is acting as the sole placement agent for the offering [1]. - The shares are being offered under a shelf registration statement declared effective by the SEC on March 6, 2023 [1]. Group 2: Company Overview - MDJM LTD is an integrated global culture innovation company focused on cultural IP development, animation production, international licensing, and cultural venue operations [1]. - The company is expanding its operations in the UK, with projects like Fernie Castle in Scotland and the Robin Hill Property in England being remodeled into multifunctional cultural venues [1]. - Fernie Castle is undergoing comprehensive renovation planning in collaboration with Kengo Kuma & Associates [1]. Group 3: Strategic Initiatives - MDJM is collaborating with European animation studios to develop animated short films that blend Eastern themes with Western artistry [1]. - The company aims to create a global cultural ecosystem based on storytelling and immersive experiences, reflecting its commitment to market expansion and enhancing its cultural business footprint [1].

Core Viewpoint - MDJM Ltd. is implementing a platform-oriented development strategy centered on Fernie Castle, aiming to enhance its presence in the U.K., European, and international markets through cultural initiatives and digital capabilities [2][4]. Group 1: Strategic Development - The company has identified three main pillars for its strategy: developing cultural intellectual property (IP), building physical cultural spaces, and expanding digital capabilities [2]. - Through its subsidiary MD Local Global Ltd., MDJM is focusing on creating original animation content and fostering international creative collaborations [3]. Group 2: Cultural Initiatives - The Fernie Castle Animation Art Gallery will host both permanent and temporary exhibitions, along with cultural programs and educational initiatives [4]. - The company plans to gradually introduce digital tools to support multilingual content and online presentations, enhancing its international development potential [4]. Group 3: Trading Metrics - MDJM Ltd. has a market capitalization of $814,000, with a 52-week high of $6.14 and a low of $0.15, indicating a significant decline of 96.24% over the past year [5]. - The stock closed down 22.32% at $0.15 but saw a rise of 26.79% in after-hours trading to $0.20 [1].

Group 1 - MDJM LTD has successfully closed an upsized public offering of 4,280,000 units at a price of $1.40 per unit, resulting in total gross proceeds of approximately $6.0 million before expenses [1] - Each unit consists of one Class A ordinary share and one Series A warrant, which is immediately exercisable at an initial price equal to the public offering price, with adjustments on the fourth and eighth trading days [1] - The underwriter, Maxim Group LLC, has been granted a 45-day option to purchase additional shares and warrants, and partially exercised this option for 642,000 Series A warrants [1] Group 2 - MDJM LTD is focused on cultural IP development, animation production, international licensing, and cultural venue operations, with ongoing projects in the UK, including the Fernie Castle and Robin Hill Property [1] - The company is collaborating with renowned architectural firm Kengo Kuma & Associates for the renovation of Fernie Castle, aiming to create a multifunctional cultural venue [1] - MDJM is also partnering with European animation studios to develop animated short films that integrate Eastern themes with Western artistry, reflecting its commitment to global market expansion [1]

Core Viewpoint - MDJM LTD has announced the pricing of an upsized public offering of 4,280,000 units at a price of $1.40 per unit, aiming to raise approximately $6.0 million in gross proceeds before expenses [1] Group 1: Offering Details - Each unit in the offering consists of one Class A ordinary share and one Series A warrant to purchase one Class A ordinary share [1] - The Series A warrants will expire one year from issuance and are immediately exercisable at an initial price equal to the public offering price, with adjustments on the fourth and eighth trading days [1] - The underwriters have a 45-day option to purchase up to an additional 642,000 Class A ordinary shares and/or Series A warrants [1] Group 2: Company Background - MDJM LTD is an integrated global culture innovation company focused on cultural IP development, animation production, international licensing, and cultural venue operations [1] - The company is expanding its operations in the UK, with projects like Fernie Castle and the Robin Hill Property being remodeled into multifunctional cultural venues [1] - MDJM is collaborating with European animation studios to develop animated short films that blend Eastern themes with Western artistry, aiming to create a global cultural ecosystem [1]

Company Overview - Borealis Foods Inc. is a food tech company focused on developing nutritious, functional food products that are flavorful, affordable, and sustainable, addressing consumer needs and global food security challenges [2] - MD Local Global Ltd. is a UK-based cultural innovation company that specializes in cultural IP development, animation production, international licensing, and cultural venue operations, aiming to create a global cultural ecosystem through storytelling and immersive experiences [4] Market Performance - Borealis Foods Inc. is trading at $1.5400, with an increase of $0.8870 on a volume of over 34 million shares [2] - MDJM Ltd is trading at $2.4294, up $1.2394, gaining 104.19% on a volume of over 98 million shares, although there is no news from the company to explain this trading pattern [3]