Business Context and Reporting Period
Company: Callan JMB Inc. (CJMB)
Filing Type: Form 8-K (Current Report)
Date of Report: April 7, 2026
Reporting Period: Event date April 7, 2026; Signed April 10, 2026
Listing Status: Nasdaq Capital Market (Symbol: CJMB)
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on a regulatory compliance issue regarding stockholders' equity.
- Stockholders' Equity Requirement: $2,500,000 (Nasdaq Listing Rule 5550(b)(1))
- Current Status: Non-compliant with the minimum equity requirement.
Material Changes
On April 7, 2026, the Company received a deficiency letter from Nasdaq notifying it of non-compliance with the minimum stockholders' equity requirement. This is a material change in the Company's listing status, though it does not immediately affect the trading of common stock.
Guidance, Outlook, and Risks
Management Plan: The Company intends to submit a plan to regain compliance within the initial 45-day period (deadline: May 22, 2026). If accepted, Nasdaq may grant up to 180 days from the notice date (deadline: October 4, 2026) to evidence compliance.
Risks and Contingencies:
- There is no assurance that the compliance plan will be accepted by Nasdaq.
- There is no assurance that the Company will be able to regain compliance even if a plan is accepted.
- Failure to regain compliance could result in delisting.
- Forward-looking statements regarding the ability to regain compliance are subject to risks including economic conditions and strategic implementation.
Investor Verification Checklist
- Verify the Company's most recent audited financial statements to confirm the exact stockholders' equity balance.
- Monitor the submission of the compliance plan to Nasdaq by May 22, 2026.
- Review subsequent 8-K filings for Nasdaq's decision on the compliance plan.
- Assess the Company's capital raising activities or operational changes intended to restore equity levels.