MDJM LTD (UOKA)

MDJM LTD is a foreign private issuer that files annual reports on Form 20-F. It was listed on Nasdaq as a small-cap company and later traded under the symbol UOKA. The company was originally associated with real estate services in China before it changed direction toward cultural and entertainment businesses based in the United Kingdom.

In its later years MDJM described itself as an integrated global culture innovation company. Its stated focus areas were the development of cultural intellectual property, animation production, international licensing and the operation of cultural venues. It worked with European animation studios on short films as part of this effort.

The company's venue strategy centered on two United Kingdom properties: Fernie Castle in Fife, Scotland, and the Robin Hill property in England. These were being developed into cultural venues, and the company's announcements were datelined from Letham, Scotland. Siping Xu served as Chief Executive Officer and Chairman.

MDJM carried out a 1-for-25 reverse stock split in 2025. Despite that action, its share price continued to decline, and on November 19, 2025 a Nasdaq Listing Qualifications Panel placed it under a Discretionary Panel Monitor for one year, which meant later deficiencies could be handled directly by the panel.

On March 13, 2026, Nasdaq staff notified the company that its closing bid price had been $0.10 or less for ten consecutive business days, which triggered a delisting determination. Trading in the shares was suspended at the open on March 20, 2026, and the stock began quoting in the over-the-counter market. MDJM said it would ask for a hearing, but that request did not stay the suspension.

The Nasdaq Hearings Panel denied reinstatement on May 14, 2026, MDJM appealed to the Listing Council on May 28, and the Listing Council affirmed the panel on July 28. On August 12, 2026, the Nasdaq Board declined to review the matter, making the decision final. The shares were quoted on the OTCQB under the symbol UOKAF, and a Form 25 was filed on October 1, 2026.