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MDJM LTD Announces Receipt of Nasdaq Suspension Determination and Plans to Request a Hearing before an Independent Nasdaq Hearings Panel
Prnewswire· 2026-03-19 12:00
Core Viewpoint - MDJM LTD has received a suspension determination from Nasdaq due to its securities trading below $0.10 for 10 consecutive business days, and the company plans to request a hearing to appeal this decision [1][2]. Group 1: Nasdaq Suspension Details - The company received a staff determination letter from Nasdaq on March 13, 2026, indicating that its securities would be suspended effective March 20, 2026, due to a closing bid price of $0.10 or less for 10 consecutive business days [1]. - The company is subject to additional provisions under Nasdaq Listing Rule 5810 due to a reverse stock split that took effect on May 20, 2025 [1]. - The company intends to request a hearing before an independent Hearings Panel, although this request will not prevent the suspension of its securities [2]. Group 2: Compliance and Future Plans - The company is exploring options to regain compliance with Nasdaq's listing requirements, including a reverse stock split that became effective on March 16, 2026 [3]. - The company will provide shareholders with material updates regarding its compliance efforts as they become available [3]. Group 3: Company Overview - MDJM LTD is an integrated global culture innovation company focused on cultural IP development, animation production, international licensing, and cultural venue operations [4]. - The company is expanding its operations in the UK, developing projects like Fernie Castle in Scotland and the Robin Hill Property in England into multi-functional cultural venues [4]. - MDJM aims to create a global cultural ecosystem by integrating Eastern philosophy with international artistic practices through collaborations with European animation studios [4].
MDJM LTD Announces Pricing of $2.5 Million Registered Direct Offering
Prnewswire· 2026-02-27 18:41
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].