Delisting Determination, The Nasdaq Stock Market, LLC, September 17, 2026
MDJM LTD
The Nasdaq Stock Market LLC (the Exchange) has determined to remove 
from listing the Class A Ordinary Shares of MDJM LTD effective at the 
opening of the trading session on October 12, 2026. Based on review 
of information provided by the Company, Nasdaq Staff 
determined that the Company no longer qualified for listing on the 
Exchange pursuant to Listing Rule 5550(a)(2).
The Company was notified of the Staff determination on March 13, 2026. 
On April 23, 2026 the Company exercised its right to appeal 
the Staff determination to the Listing Qualifications Hearings 
Panel (Panel) pursuant to Listing Rule 5815. 
On April 23, 2026, the hearing was held.
On May 14, 2026 the Panel reached a 
decision and a Decision letter was issued on said date
and decided to suspend the Company from the Exchange. 
The Company Class A Ordinary Shares were suspended on March 20, 2026. 
The Company appealed the Panel Decision on May 28, 2026 to the
Nasdaq Listing and Hearing Review Council (NLHRC).
The Nasdaq Stock Market Board of Directors declined
to call for review the July 28, 2026 decision of the NLHRC, 
which the NLHRC affirmed the Panel Decision of May 14, 2026.
Pursuant to Nasdaq Rule 5820(e)(6), the decision of the Listing Council 
represents the final action in this matter.	 
The Staff determination to delist the Company Class A Ordinary Shares 
became final on June 29, 2026.