Press release
Smart Digital Group Limited (NASDAQ: SDM) Investor Alert: Deadline in Lawsuit on March 16, 2026
A Deadline is coming up on March 16, 2026 in the lawsuit for certain investors in Smart Digital Group Limited (NASDAQ: SDM).
Investors who purchased shares of Smart Digital Group Limited (NASDAQ: SDM) have certain options and there are strict and short deadlines running. Deadline: March 16, 2026. Smart Digital Group Limited (NASDAQ: SDM) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Singapore based Smart Digital Group Limited, together with its subsidiaries, provides internet media, business planning and consulting, event planning and execution, and software customization and marketing services in Mainland China and Macau. Smart Digital Group Limited (NASDAQ: SDM) reported that its Total Revenue rose from $9.7 million for the 12 months period that ended on September 30, 2023, to $21.51 million for the 12 months period that ended on September 30, 2024, and that its Net Income over those respective time periods declined from $1.99 million to $1.69 million.
On September 26, 2025, the Company's stock price fell 86.4%, to close at $1.85 per share, following an intraday halt by the NASDAQ Stock Market (the "NASDAQ") due to unusually high volatility.
Before trading opened the next day, the SEC suspended trading in SDM securities from September 29, 2025, through October, 10, 2025, due to "potential manipulation" in the Company's securities "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."
With the SEC suspension scheduled to expire, on October 11, 2025, NASDAQ suspended trading in SDM securities pending a request for additional information. The shares remain halted.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Smart Digital Group Limited (NASDAQ: SDM) common shares between May 5, 2025 and September 26, 2025, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 5, 2025 and September 26, 2025, the defendants failed to disclose to investors that Smart Digital Group Limited was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals, that insiders and/or affiliates used and/or intended to use offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign, that Smart Digital Group Limited's public statements and risk disclosures omitted any mention of realized risk of fraudulent trading or market manipulation used to drive the Company's stock price, that as a result, Smart Digital Group Limited securities were at unique risk of a sustained suspension in trading by either or both of the United States Securities and Exchange Commission ("SEC") and NASDAQ, and that as a result of the foregoing, Defendants' positive statements about the Company's business, operations and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Smart Digital Group Limited (NASDAQ: SDM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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