Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
MDJM ( (UOKAF) ) has issued an announcement.
On April 21, 2026, MDJM Ltd shareholders met in an extraordinary general meeting and approved a substantial increase in the company’s authorized share capital, lifting it from US$250 million to US$4.4625 billion and expanding capacity to issue up to 5.1 billion ordinary shares across Class A and Class B. Investors also backed a mandate allowing the board to implement a share consolidation at a ratio between 2-for-1 and 200-for-1 within a defined period, giving directors wide discretion over timing and terms, which could materially affect the company’s capital structure, share count, and potential future financings.
A total of 616,388.37 votes, representing 33.98% of exercisable votes as of the March 27, 2026 record date, were cast, with strong majorities in favor of both the capital increase and the consolidation mandate. These approvals provide MDJM with greater flexibility to restructure its equity base and pursue capital-raising or strategic initiatives, while signaling shareholder support for management’s efforts to adjust the share structure in response to market or listing considerations.
More about MDJM
MDJM Ltd is a foreign private issuer listed in the United States, organized as a company with Class A and Class B ordinary shares. The company is headquartered at Fernie Castle in Fife, United Kingdom, and operates under a share structure that distinguishes voting and economic rights between its two share classes.
Average Trading Volume: 630,969
Technical Sentiment Signal: Sell
Current Market Cap: $68.46K
Learn more about UOKAF stock on TipRanks’ Stock Analysis page.