MDJM shares surge 42.12% after-hours as 1-for-25 reverse stock split takes effect, addressing Nasdaq compliance concerns.

MDJM LTD (Nasdaq: UOKA) surged 42.12% in after-hours trading following news of a 1-for-25 reverse stock split effective March 16, 2026, which coincided with the company’s announcement of a Nasdaq suspension due to a closing bid price of $0.10 or less for 10 consecutive business days. The reverse split, aimed at regaining compliance with Nasdaq listing requirements, temporarily boosted the share price and investor sentiment, despite the impending delisting. The company also disclosed plans to request a hearing for continued listing, with shares expected to trade on OTC Markets during the process. The move reflects efforts to stabilize the stock ahead of the March 20 suspension, aligning with market speculation about the split’s immediate impact on price recovery.