secwatch.observer — SEC 8-K summary
======================================

Issuer:     CALLAN JMB INC. (CJMB)
CIK:        0002032545
Form:       8-K
Filed at:   2026-10-16T20:10:14+00:00
Accession:  0001493152-26-047399
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nasdaq staff rejects Callan JMB's equity-rule extension; suspension set for Oct 21 absent appeal win
--------------------------------------------------------------------------------

- Oct 12, 2026 Staff Determination: company failed to complete capital raising and meet the $2,500,000 stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1).
- Trading of CJMB would be suspended at the open on Oct 21, 2026 and a Form 25-NSE filed to remove the stock from Nasdaq listing and registration.
- Callan JMB requested a Nasdaq Hearings Panel appeal on Oct 14, 2026, which stays the suspension and the Form 25-NSE filing pending the Panel's decision.
- Initial deficiency letter came April 7, 2026; Nasdaq had granted an extension to October 5, 2026 to regain compliance.
- Company says it will vigorously demonstrate compliance, but gives no assurance the Panel grants continued listing or that it regains compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2032545/000149315226047399/0001493152-26-047399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2032545/000149315226047399/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-047399

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer