Business Context and Reporting Period
Company: Callan JMB Inc. (CJMB)
Filing Type: Form 8-K (Current Report)
Date of Report: June 29, 2026
Event: Notice of failure to satisfy Nasdaq continued listing requirements regarding minimum bid price.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on regulatory compliance status regarding stock listing standards.
Material Changes
- Listing Status: The Company received a written notice from Nasdaq stating it no longer satisfies the Minimum Bid Price Requirement (Rule 5550(a)(2)) due to a closing bid price below $1.00 per share for the last 30 consecutive business days.
- Trading Status: The notice has no immediate effect; the common stock continues to trade on The Nasdaq Capital Market under the symbol "CJMB."
Outlook, Risks, and Management Commentary
- Compliance Period: The Company has an initial 180-day compliance period ending December 28, 2026, to regain compliance.
- Remediation Strategy: To regain compliance, the closing bid price must be at least $1.00 per share for a minimum of ten consecutive business days. The Company may effect a reverse stock split if necessary.
- Secondary Compliance: If the initial period is unsuccessful, the Company may be eligible for an additional 180-day period, contingent on meeting other listing standards (e.g., market value of publicly held shares).
- Risks: There is no assurance the Company will regain compliance or avoid delisting. Risks include general economic conditions, supply chain disruptions, and regulatory compliance issues.
Investor Verification Checklist
- Verify the current closing bid price of CJMB stock relative to the $1.00 threshold.
- Monitor the Company's announcement regarding the potential implementation of a reverse stock split.
- Review the Company's most recent Form 10-K and 10-Q for underlying financial performance drivers affecting stock price.
- Track the December 28, 2026 deadline for the initial compliance period.