Monitor the closing on May 13, 2026. If the deal closes, watch for the delivery of audited financial statements within 75 days, which will be crucial for verifying the target's revenue claims. The stock may experience volatility around the closing date, but the risk of termination is significant due to Nasdaq and financial conditions.
Price Chart
Executive Summary
MDJM LTD's wholly-owned subsidiary entered into a Share Purchase Agreement to acquire 75% of Mirai Co., Ltd., a Japan-based supply chain company, for a total purchase price of $1,000,000. The deal is expected to close around May 13, 2026, and represents a transformative acquisition for MDJM, which currently trades OTC after being suspended from Nasdaq. However, the target's claimed $20M+ annual revenue is unaudited, and the transaction is subject to significant post-closing conditions, including Nasdaq approval and delivery of audited financials.
Key Facts
- MDJM's subsidiary to acquire 75% of Mirai Co., Ltd. for $1,000,000
- First installment of $290,000 already paid; $420,000 contingent on post-closing conditions
- Target company claims annual operating revenue of at least $20,000,000
- Transaction expected to close on or around May 13, 2026
- Post-closing conditions include audited financials, Nasdaq approval, and management arrangement
- MDJM was suspended from Nasdaq in March 2026 and trades OTC at sub-$0.10
Financial Impact
Acquisition price of $1,000,000 for a company claiming $20M+ in annual revenue; advisory fee of $200,000
Risk Factors
- Target's financial claims are unaudited and may not hold up under PCAOB audit
- Nasdaq approval required; MDJM's delisted status adds uncertainty
- Company faces severe financial distress and potential dilutive recapitalization
- Unconventional payment structure via third-party advisor increases counterparty risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-056089 |
| Document: tm2613665d1_ex10-1.htm | 0001104659-26-056089 |
| Document: tm2613665d1_6k.htm | 0001104659-26-056089 |
| Document: tm2613665d1_ex10-3.htm | 0001104659-26-056089 |
| Document: 0001104659-26-056089-index-headers.html | 0001104659-26-056089 |
| Document: 0001104659-26-056089-index.html | 0001104659-26-056089 |
| Document: 0001104659-26-056089.txt | 0001104659-26-056089 |
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 25w 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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