QMMM Holdings faces Nasdaq delisting risk over late annual report filing
QMMM Holdings Limited, a Hong Kong-based digital advertising and marketing company, has received a notice from Nasdaq. The issue stems from the firm's failure to file its annual report for the fiscal year ending September 30, 2025. The company now faces a deadline to address the problem or risk further action.
The Nasdaq notice highlights a breach of Listing Rule 5250(c)(1), which requires timely financial disclosures. QMMM has 60 days to submit a plan outlining how it will regain compliance. If Nasdaq approves the proposal, the company could receive an extension of up to 180 days, pushing the deadline to August 17, 2026.
Nasdaq's decision will weigh several factors. These include the likelihood of QMMM filing on time, its past compliance record, and the reasons behind the delay. The company's financial health will also play a role in the assessment.
Should the plan fail to gain approval, QMMM retains the right to appeal before a Nasdaq Hearings Panel. The company, which has previously worked with banks, property developers, and luxury brands, emphasised that its future performance may differ from current projections. A press release noted that forward-looking statements carry risks and uncertainties.
No recent public records confirm whether QMMM has secured major international clients or expanded its industry reach in Hong Kong.
The company must now act quickly to meet Nasdaq's requirements. A successful plan could grant it until mid-August 2026 to file the missing report. Without compliance, further regulatory steps may follow.
