The delisting is final with no further appeal options. Expect continued deterioration in liquidity and price discovery on the OTCQB. The company's existing F-3 shelf registration (333-294010) remains outstanding, but the ability to execute any offering is severely impaired without a Nasdaq listing. Monitor for a potential reverse stock split or going-private transaction as the only remaining paths to regain exchange listing.
Price Chart
Executive Summary
MDJM LTD filed a 6-K confirming that all Nasdaq appeals have been exhausted and the delisting of its Class A ordinary shares is final. The Nasdaq Board of Directors declined to review the Listing Council's July 28, 2026 decision to delist the shares, and Nasdaq will proceed with removal procedures. The stock continues to trade on the OTCQB under the symbol 'UOKAF', but the loss of Nasdaq listing represents a terminal blow to the company's public market credibility and access to capital.
Key Facts
- Nasdaq Board of Directors declined to review the Listing Council's July 28, 2026 decision to delist MDJM's Class A ordinary shares.
- The Listing Council's decision is now Nasdaq's final action, and Nasdaq will proceed with delisting procedures under Rule 5830 and Rule 12d2-2.
- The company's shares are currently quoted on the OTCQB Venture Market under ticker UOKAF.
- The company had previously been suspended from Nasdaq due to a sub-$0.10 share price and reported a net loss of $41,321 in its most recent annual filing.
Financial Impact
Loss of Nasdaq listing eliminates access to major exchange capital markets and institutional investor base; stock relegated to OTCQB with severely reduced liquidity and valuation.
Risk Factors
- Complete loss of Nasdaq listing eliminates institutional ownership and reduces trading liquidity to OTC levels.
- Potential for further dilution via the outstanding shelf registration on Form F-3 if the company attempts a capital raise on the OTC market.
- Risk of eventual deregistration (Form 15) if the company cannot maintain reporting obligations with a sub-scale market cap.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-097929 |
| Document: 0001104659-26-097929-index-headers.html | 0001104659-26-097929 |
| Document: 0001104659-26-097929-index.html | 0001104659-26-097929 |
| Document: 0001104659-26-097929.txt | 0001104659-26-097929 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 7w ago | 6-K | $0.2500 $0.2000 | ▼ −20.00% | ▼ −18.88% | $0.1350 (−46.00%) |
Aug 17, 2026 9w ago | 6-K | $0.3000 $0.2500 | ▲ +16.67% | ▲ +15.68% | $0.1350 (+55.00%) |
Jul 23, 2026 13w ago | 6-K | $0.1400 $0.3180 | ▲ +127.14% | ▲ +123.52% | $0.1350 (−3.57%) |
Jun 29, 2026 17w ago | 6-K | $0.3590 $0.1250 | ▼ −65.18% | ▼ −64.92% | $0.1350 (−62.40%) |
Jun 11, 2026 19w ago | 6-K | $0.3160 $0.1502 | ▼ −52.47% | ▼ −53.73% | $0.1350 (−57.28%) |
May 27, 2026 21w ago | 6-K | $0.3500 $0.3588 | ▼ −2.51% | ▼ −5.66% | $0.1350 (+61.43%) |
May 20, 2026 22w ago | 6-K | $0.3310 $0.4300 | ▲ +29.91% | ▲ +29.58% | $0.1350 (−59.21%) |
May 6, 2026 24w ago | 6-K | $0.0550 $0.4230 | ▲ +669.09% | ▲ +665.92% | $0.1350 (+145.45%) |
May 4, 2026 24w ago | 6-K | $0.0550 $0.3940 | ▲ +616.36% | ▲ +612.15% | $0.1350 (+145.45%) |
Apr 22, 2026 26w ago | 6-K | $0.0560 $0.3310 | ▼ −491.07% | ▼ −486.23% | $0.1350 (−141.07%) |
US Market Status
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