MDJM shares surge 28.96% after-hours after 1-for-25 reverse stock split takes effect.

MDJM LTD surged 28.96% in after-hours trading following its announcement that Nasdaq would suspend its shares effective March 20, 2026, due to a closing bid price ≤ $0.10 for 10 consecutive business days. The company also disclosed a 1-for-25 reverse stock split effective March 16, 2026, aimed at addressing compliance issues and regaining Nasdaq listing. While the suspension itself is bearish, the after-hours rally likely reflects investor speculation that the reverse split and pending hearing request could stabilize the stock price or prompt regulatory reconsideration. The company emphasized it will continue pursuing compliance measures and provided updates on its cultural venue projects in the UK, which may bolster long-term investor confidence despite the immediate listing risk.