MDJM Faces Nasdaq Delisting as Stock Price Drops Below $0.10
Event summary
- MDJM received a Nasdaq suspension notice on March 13, 2026, due to its stock price closing below $0.10 for 10 consecutive business days.
- The company's securities will be suspended effective March 20, 2026, and may trade on the OTC Markets under ticker 'UOKA' during the hearing process.
- MDJM implemented a 1-for-25 reverse stock split on May 20, 2025, but remains non-compliant with Nasdaq listing requirements.
- The company is subject to a Discretionary Panel Monitor under Nasdaq Listing Rule 5815(d)(4)(A) for one year following a November 19, 2025 decision.
The big picture
MDJM's delisting highlights the challenges faced by small-cap companies in maintaining exchange compliance amid volatile market conditions. The shift to OTC trading could signal a broader trend of regulatory scrutiny on micro-cap stocks, particularly those with innovative but unproven business models in the cultural and entertainment sectors.
What we're watching
- Regulatory Compliance
- Whether MDJM can successfully navigate the Nasdaq hearing process and regain compliance with listing requirements.
- Market Repositioning
- The impact of trading on the OTC Markets on liquidity and investor confidence during the suspension period.
- Strategic Pivot
- How MDJM's focus on cultural IP development and venue operations will influence its path to financial recovery.
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