MDJM ( (UOKA) ) just unveiled an announcement.
MDJM LTD, a company incorporated in the Cayman Islands and listed on NASDAQ under the symbol ‘UOKA’, announced an extraordinary general meeting of shareholders to be held on April 28, 2025. The primary agenda is to consolidate the company’s ordinary shares on a 25:1 basis, reducing the total authorized shares from 50,000,000 to 2,000,000. This move is aimed at regaining compliance with NASDAQ’s minimum bid price requirement, as the company had received a deficiency notice due to its share price falling below $1.00. The consolidation is intended to prevent potential delisting from NASDAQ, which could negatively impact the liquidity and market price of the shares, as well as the company’s relationships with customers and access to capital.
More about MDJM
YTD Price Performance: -35.38%
Average Trading Volume: 14,235,097
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.34M
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