MDJM LTD Extraordinary General Meeting of Shareholders

MDJM LTD is holding an extraordinary general meeting of shareholders on January 22, 2026, to vote on a proposed share consolidation. This measure is intended to ensure compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The company has previously received a deficiency notice from Nasdaq regarding its non-compliance with this requirement. The proposed share consolidation, if approved, will be effective if the closing bid price falls below $1.00, with a consolidation ratio to be determined by the board, ranging from 2:1 to 50:1. This action aims to prevent delisting from Nasdaq, which could negatively impact the stock's liquidity, market price, and the company's access to capital. The company will not issue fractional shares; instead, they will be rounded up to the nearest whole share. The board of directors recommends voting in favor of the share consolidation.