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MDJM Ltd announced an extraordinary general meeting on April 21, 2026, to vote on a significant increase in authorized share capital and a potential share consolidation to address Nasdaq delisting risks.
Key Takeaways
1The company proposes to increase authorized share capital from $250 million to $4.46 billion by creating billions of new Class A and B ordinary shares.
2Shareholders will vote on granting the board authority to implement a share consolidation with a ratio between 2:1 and 200:1 at their discretion.
3The share consolidation aims to help regain Nasdaq compliance after the stock was suspended due to bid price falling below $0.10 for 10 consecutive days.
4Class A ordinary shares currently trade on OTCID Basic Markets under ticker 'UOKAF' following Nasdaq suspension on March 20, 2026.
5The board recommends voting 'FOR' both proposals, with voting rights based on shareholdings as of the March 27, 2026 record date.