QMMM Holdings Limited announced it will appeal the delisting notice it received from Nasdaq.
According to a statement from the company, QMMM received a “Staff Delisting Determination” notice on June 17, 2026, from Nasdaq’s Listing Qualifications Department. Nasdaq stated that it had decided to delist the company’s securities based on its discretion under Nasdaq Listing Rule IM-5101-4.
Nasdaq also stated that QMMM Holdings’ failure to timely file its Form 20-F for the fiscal year ending September 30, 2025, constitutes an independent basis for delisting under Listing Rule 5250(c)(1).
QMMM Holdings, a Hong Kong-based provider of digital media advertising, virtual avatar, and virtual fashion technologies, announced that it would appeal the decision. The company stated that it plans to request an oral hearing before the Nasdaq Hearings Panel.
Under Nasdaq rules, a request for a hearing due to late filing can automatically suspend the trading of the company’s securities for only 15 days from the deadline for filing the hearing request. For a longer suspension, the company must submit a separate request, which must be approved by the Nasdaq Hearings Panel.
QMMM Holdings said the current trading suspension will remain in effect for the duration of the automatic extension or any additional extension that may be granted by the panel.
The company also disclosed that it will submit a written compliance plan to the Nasdaq Hearings Panel and request a time-limited exemption to regain compliance with listing standards. However, QMMM emphasized that there is no guarantee the panel will accept this plan or approve the requested exemption.
