MDJM Ltd., a Cayman Islands-based company, is facing potential delisting from The Nasdaq Capital Market due to its inability to meet the minimum bid price requirement of $1.00 per share. On June 3, 2025, the company attended a hearing to appeal the delisting decision. Subsequently, on June 10, 2025, Nasdaq granted MDJM Ltd. an exception to comply with the bid price rule by June 17, 2025. Additionally, should the company fail to maintain compliance with any Nasdaq listing rule before October 20, 2025, it will have the opportunity to submit a written statement within seven days of any deficiency notification, after which the Nasdaq Hearings Panel will consider granting an additional exception.
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