Research analysts covering Smart Digital Group.
Recent press releases and 8-K filings for SDM.
Smart Digital Group Faces Class Action Lawsuit
SDM
Legal Proceedings
Delisting/Listing Issues
- A class action lawsuit has been filed against Smart Digital Group (SDM) on behalf of investors who purchased securities between May 5, 2025, and September 26, 2025.
- The lawsuit alleges market manipulation and a fraudulent promotion scheme involving social-media based misinformation, with insiders potentially using offshore accounts to dump shares.
- Investors have until March 16, 2026, to apply to be appointed as lead plaintiff in the lawsuit.
- On September 26, 2025, SDM's stock price collapsed 86.4% to $1.85 per share, followed by trading suspensions by NASDAQ and the SEC due to potential manipulation.
2 days ago
Smart Digital Group Announces Plan to Establish Cryptocurrency Asset Pool
SDM
New Projects/Investments
- Smart Digital Group (SDM) announced its plan to establish a diversified cryptocurrency asset pool.
- The initiative will strategically focus on investing in cryptocurrencies such as Bitcoin and Ethereum.
- This move aims to strengthen the company's position in the digital asset ecosystem, enhance portfolio diversification, and capture value in the evolving digital economy.
- The company will implement robust risk management and compliance protocols to manage and safeguard its cryptocurrency holdings.
Sep 26, 2025, 1:15 PM
Smart Digital Group Announces Plan to Establish Cryptocurrency Asset Pool
SDM
New Projects/Investments
- Smart Digital Group Limited announced its plan to establish a diversified cryptocurrency asset pool on September 23, 2025.
- The company's strategic focus for this initiative is on investing in cryptocurrencies such as Bitcoin and Ethereum.
- This move is designed to strengthen the Company's position in the digital asset ecosystem, enhance portfolio diversification, and capture value in the evolving digital economy.
- Smart Digital Group Limited will implement a structured approach to manage its cryptocurrency holdings, incorporating robust risk management and compliance protocols.
Sep 23, 2025, 8:10 PM
Smart Digital Group Announces Plan to Establish Cryptocurrency Asset Pool
SDM
New Projects/Investments
- Smart Digital Group Limited (SDM) announced on September 19, 2025, its plan to establish a diversified cryptocurrency asset pool.
- The initiative will strategically focus on investing in cryptocurrencies such as Bitcoin and Ethereum.
- This move is designed to strengthen the Company's position in the digital asset ecosystem and enhance portfolio diversification.
- The company plans to implement a structured approach with robust risk management and compliance protocols for its cryptocurrency holdings.
Sep 23, 2025, 1:15 PM
Smart Digital Group Ltd. Reports Increased Revenue and Net Income, Completes IPO
SDM
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Smart Digital Group Ltd. reported a significant increase in total revenue by 76.2% to approximately $14.5 million for the six months ended March 31, 2025, compared to $8.2 million in the prior year period, with net income rising to approximately $0.4 million and basic and diluted earnings per share increasing to $0.02.
- The revenue growth was primarily driven by a strategic shift towards internet media services, which saw a $7.3 million increase in revenue, and a significant geographic shift with Mainland China revenue increasing by $11.4 million.
- Despite the revenue growth, the overall gross profit decreased by 23.2% to approximately $1.0 million, and the gross margin declined by 9.27% to 7.16% for the six months ended March 31, 2025.
- The company successfully completed its initial public offering on May 5, 2025, listing its ordinary shares under the ticker "SDM" on The Nasdaq Capital Market and raising $6.0 million in gross proceeds, with an additional $0.9 million from the full exercise of the over-allotment option.
Sep 22, 2025, 8:10 PM
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