On September 29, 2025, the U.S. Securities and Exchange Commission (SEC) suspended trading of QMMM Holdings Limited ordinary shares, citing concerns that the company’s share price surge was driven by social‑media promotion rather than underlying fundamentals.
The SEC’s action was prompted by QMMM’s recent pivot to cryptocurrency, including the announcement of a $100 million diversified crypto treasury, and the company’s use of a Cayman Islands holding structure. The regulator identified “unknown persons” who may have promoted the stock, raising questions about market manipulation and compliance with disclosure requirements.
The trading halt is in effect until October 10, 2025. QMMM has not yet issued a public comment on the SEC’s decision, leaving investors without a company response to the regulatory concerns.
This regulatory intervention signals potential governance and compliance risks for QMMM. The suspension limits liquidity for shareholders, may impede future capital‑raising efforts, and could prompt further investigations, especially given the company’s prior Nasdaq listing deficiency letter. The event is therefore material to investors and the company’s ongoing operations.
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