With delisting confirmed and no appeal, holders should prepare for OTC trading. The stock is already suspended — expect minimal additional price impact from this filing itself. Monitor for any potential going-private transaction or other resolution.
Price Chart
Executive Summary
Nasdaq filed Form 25-NSE to remove Smart Digital Group Ltd (SDM) ordinary shares from listing effective July 23, 2026, following a determination that the company no longer qualified for listing under Listing Rule IM 5101-4. The company did not appeal and shares have been suspended since June 26, 2026. This filing formalizes the delisting process.
Key Facts
- Effective July 23, 2026, SDM ordinary shares will be removed from Nasdaq listing
- Company did not appeal Staff's delisting determination
- Shares suspended on June 26, 2026
- Determination based on Listing Rule IM 5101-4
Financial Impact
Loss of Nasdaq listing and trading; shares previously suspended on June 26, 2026
Risk Factors
- Continued trading illiquidity
- Potential further decline in share price
- Limited disclosure obligations post-delisting
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000676 |
| Document: 0001354457-26-000676-index-headers.html | 0001354457-26-000676 |
| Document: 0001354457-26-000676-index.html | 0001354457-26-000676 |
| Document: 0001354457-26-000676.txt | 0001354457-26-000676 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 13, 2026 11w ago | 25-NSE | $1.85 $1.85 | · 0.00% | ▼ −0.94% | — |
Jun 23, 2026 14w ago | 6-K | $1.85 $1.85 | · 0.00% | ▲ +1.71% | — |
US Market Status
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