Smart Digital Group Ltd (SDM)

Smart Digital Group Limited Receives Nasdaq Delisting Determination NoticeJune 23, 2026 4:30 PM
PR Newswire (US) ZHUHAI, China, June 23, 2026 /PRNewswire/ -- Smart Digital Group Limited (Nasdaq: SDM) (the "Company") today announced that it received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on June 17, 2026, stating that Nasdaq has determined to delist the Company's securities.As a result of the U.S. Securities and Exchange Commission having issued a trading suspension in the Company's securities on September 29, 2025 (https://www.sec.gov/files/litigation/suspensions/2025/34-104112.pdf), Nasdaq halted trading in the Company's securities and has now determined to delist the Company's securities pursuant to its discretionary authority set forth in Nasdaq Listing Rule IM-5101-4.Nasdaq Listing Rule IM-5101-4 allows Nasdaq "to exercise discretion to delist a company from Nasdaq based on the potential for one or more third parties to engage in misconduct impacting a company's securities where the SEC has implemented a temporary trading suspension." Nasdaq believes that the ability for third parties to manipulate a security's price indicate that the security does not have sufficient liquidity to promote fair and orderly markets and, therefore, delisting is consistent with the protection of investors and the public interest, and that it is appropriate to use its authority under IM-5101-4 to delist the Company's securities from Nasdaq based on those factors that make the Company's securities susceptible to manipulation.Unless the Company files an appeal with the Nasdaq Hearings Panel by 4:00 p.m. Eastern Time on Wednesday, June 24, 2026, trading of the Company's securities will be suspended at the opening of business on Friday, June 26, 2026, and Nasdaq will file a Form 25-NSE with the SEC to complete the delisting. If the Company timely requests a hearing, the suspension of trading will be stayed pending the Panel's decision, however, the currently imposed trading halt will remain in effect.Following the Notice, the Company has and will continue to consult with its legal counsel and other advisors to evaluate its options, including the viability of an appeal and any further necessary actions. The Company will make further announcements as appropriate. To date, Nasdaq has not claimed or communicated a view that there has been any wrongdoing by the Company, whether in regard to Nasdaq's investigation of the recent trading activity of the Company's securities or otherwise. Nasdaq's decision does not affect the Company's operations or financial position, and the Company continues to conduct business in the ordinary course.Forward-looking StatementThis press release contains forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, and are based on the Company's current expectations and projections of future events that it believes may affect its financial condition, operating results, business strategies, and financial needs. Investors can identify these forward-looking statements by terms such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is likely to," "potential," "continue," or other similar expressions. Except as required by law, the Company is not obligated to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations. Although the Company believes the expectations expressed in these forward-looking statements are reasonable, there is no guarantee that these expectations will prove correct. The Company reminds investors that actual results may differ materially from expected results and encourages them to review other factors and risks that may affect its future results, as disclosed in the Company's registration statements and other filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.For inquiries, please contact:
Smart Digital Group Limited
irsmartdigital@163.com View original content:https://www.prnewswire.com/news-releases/smart-digital-group-limited-receives-nasdaq-delisting-determination-notice-302807988.htmlSOURCE Smart Digital Group Limited Original: Smart Digital Group Limited Receives Nasdaq Delisting Determination Notice

After an SEC Suspension the Nasdaq can place a T-12 HALT on the stock when the SEC Suspension expires in ten market days. A T-12 HALT occurs when the Nasdaq gives a company a formal request for whatever information is deemed necessary. Since early September 2025 the SEC has suspended 12 Nasdaq stocks and all 12 stocks are still halted under T-12 by the Nasdaq. The T-12 HALT can be in place indefinitely (example SVA has been halted under T-12 since 2019) until Nasdaq is certain the SEC is either satisfied with the outcome from their original complaint OR the SEC has charged the company.

I'm sure all shareholders of the 12 stocks that are still under a Nasdaq T-12 HALT are anxious to have their stock trading again, so I'll cross my fingers for you and all shareholders.

https://nasdaqtrader.com/Trader.aspx?id=TradeHalts

Nasdaq HALT Codes:

https://nasdaqtrader.com/Trader.aspx?id=TradeHaltCodes

so how long the halt can go on ? TIA

Try calling the company to ask them. If they decline to answer then you can suggest they put out an 8K to explain their circumstances.

When the SEC suspends a stock there is usually fraud(s) that have occurred, minimally malfeasance by the company so they may not want to provide any information that implicates themselves, corporately or managerially. NASDAQ has assuredly consulted the SEC so it is likely that NASDAQ won't release their HALT until or unless the SEC gives them clearance to do so.

Here is the EDGAR link for you to check for any filings.

https://www.sec.gov/edgar/search/#/ciks=0002014955&entityName=Smart%2520Digital%2520Group%2520Ltd%2520(SDM)%2520(CIK%25200002014955)

Best o' luck as I'm sure all shareholders are frustrated and anxious for results, hopefully positive.

Thanks Renee. It is close to 2 months since the stock is halted. Is this NASDAQ not satisfied their demand or CEO is not responsive to address all demands? It seems some serious manipulation became evident and both CEO and CFO aware. In between shareholders are crushed to bleed. What is the suggestive approach from here to get the clarity what’s going on? Isn’t this share holder right to demand what’s going on? Can we call for extraordinary meeting with the company ?

RAlbert: Unfortunately the NASDAQ has halted the stock after the SEC Suspension expired. The company must satisfy NASDAQ's formal demand for any/all information relating to the SEC Suspension.

https://nasdaqtrader.com/Trader.aspx?id=TradeHalts

If I learn of any developments I'll post them on this board.

Best o' luck, RAlbert.

Any idea when will it start trading? I kept my loan from home invested in this, huge money…

Everyday anxiety levels going up.. Oh GOD…

Anyone know what Nasdaq found so far? Neither Nasdaq nor company are releasing news updates. I am confused here what’s going on…. Market is so hot and all my money got stuck in here…

SDM SEC Suspension:

https://www.sec.gov/files/litigation/suspensions/2025/34-104112.pdf

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading in the securities of Smart Digital Group Limited (“SDM”) (CIK No. 0002014955), a holding company incorporated in the Cayman Islands whose principal executive offices are located in Singapore, at 4:00 AM ET on September 29, 2025, and terminating at 11:59 PM ET on October 10, 2025.

The Commission temporarily suspended trading in the securities of SDM because of potential manipulation in the securities of SDM effectuated through recommendations made to investors by unknown persons via social media to purchase the securities of SDM, which appear to be designed to artificially inflate the price and volume of the securities of SDM. The order was entered pursuant to Section 12(k) of the Exchange Act.

SDM - Huge drop today. Picked up a few at 1.66 hoping for a bounce

$SDM: Gotta go......... HAVE A GREAT WEEKEND !!!!!!!

I know I will thanks to $KIDZ, $NVNI and now $SDM !!!!!!!!


Next week gonna be another GOOD ONE.

Cinco De MAYO babyyyyyyyyyyyyyyyyyyyyyyyy





GO $SDM

$SDM: WOooooooo........... went over $14

Keeps upside HALTING............................ TGIF !!!!!!!!!!





GO $SDM

$SDM: Now 8.25 and halted here

Wooooooooooooooooooo............. HAPPY FRIDAY !


GO $SDM

$SDM: This is now Smart Digital Group LTD.... now $5.70

GOooooooooooooooooooooooooooo go goooooooooooo

Smart Digital Group Limited is an exempted company incorporated in the Cayman Islands. Our Company has no material operations of its own and conducts its business operations through three operating entities: SMART DIGITAL META PTE.LTD., AOSI PRODUCTION CO., LTD., and Xiamen Liubenmu Culture Media Co., Ltd. The afore-mentioned operating entities conduct their business activities in Singapore, Macau, and Mainland China, respectively. In the fiscal year ended September 30, 2022, the operating entities provided only event planning and execution services. In the fiscal year ended September 30, 2023, the operating entities expanded the scope of their business and began to provide a broader range of services including: (1) event planning and execution services, which consist of drafting event planning proposals, customizing event marketing strategies, engaging event sponsors and other related services; (2) internet media services, which include developing marketing strategies, designing marketing content, distributing such marketing content on select internet platforms and other related services; (3) software customization and marketing services, which enable customers to formulate and implement marketing activities through our AOSI PRODUCTION CO., LTD.as proprietary software; and (4) business planning and consulting services, which include business development planning, business data analysis and other related services.


GO $SDM

Klipspringer Joint Venture
• BUILT AND OPERATED BY SOUTHERNERA
• JOINT VENTURE - 57% SOUTHERNERA / 43% NAKA
• 2.6 KM DECLINE – BUILT IN 15 MONTHS
• MINE LIFE APPROXIMATELY 10 YEARS
• FULL PRODUCTION 30,000 TPM; 46.5 CPHT; 151,200 CARATS PER ANNUM
• SOUTH AFRICA’S 3RD HIGHEST VALUE GEM DIAMONDS
• SUSPENDED DECEMBER 2003 DUE TO STRENGTH OF SOUTH AFRICAN RAND
• TRIAL MINING BEGAN IN SEPTEMBER 2006

In December 2006, SouthernEra announced that the implementation of a new mining method during the trial mining program (that) increased the revenue per ton by 94%.



*from southernera.com

From their website ---

"SouthernEra was formed 14 years ago as a focused diamond exploration company. In the decade that followed, our company emerged as a leading diamond mining company following the discovery and development of the Marsfontein and Klipspringer diamond mines in South Africa.

We pride ourselves on the dedication, professionalism and skill, of our exploration teams. SouthernEra Diamonds Inc. today has one of the most impressive portfolios of diamond exploration projects with advanced projects underway in Canada, Democratic Republic of Congo, Gabon and South Africa. All projects are located in high-potential diamond-rich areas with mineral analyses taking place in the Company’s two recovery laboratories situated in Canada and South Africa.

Good corporate governance is of fundamental importance to our board of directors and the management team. Transparency and adherence to best principles guide us in all jurisdictions in which we do business. SouthernEra fully endorses the Toronto Stock Exchange Guidelines for Corporate Governance and has been ranked highly by independent monitors for its achievements."

Really interesting company publishing first production today. Great financials with a book value of $0.21 and near its 52 week low.... a great entry point for a story that's just beginning.