MultiMetaVerse Holdings Ltd

MultiMetaVerse Holdings Ltd. engages in the provision of animation and entertainment services. The firm is involved in designing, development, and operation of mobile games. The company is headquartered in Shanghai, China.

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MultiMetaVerse Holdings Ltd. engages in the provision of animation and entertainment services. The firm is involved in designing, development, and operation of mobile games. The company was founded in 2015 and is headquartered in Shanghai, China.

SHANGHAI, Dec. 03, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (“MMV” or the “Company”), a leading animation and entertainment company for young consumers in China, announced that it has reached an agreement with Zhao Mingwei (“Big Bear”) and Li Yuanfeng to jointly establish a joint - venture in Hong Kong, leveraging their respective resources to Bitcoin and Bitcoin mining machines.

Agreement to Establish Digital Currency Investment Company Partnership

SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (“MMV” or the “Company”), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the “Share Exchange Agreement”) with the shareholders (the “Transferors”) of Bowong AI Limited (“Bowong Cayman”), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Shenzhen) Co., Ltd. (“Bowong Technology”). Bowong Technology is a company equipped with cutting-edge technologies that is vertically integrated in the AI e-commerce sector. It focuses on delivering comprehensive AI technologies and services for sellers on both emerging social e-commerce platforms and traditional e-commerce platforms.

MultiMetaVerse Holdings Limited Announces Signing of Definitive Agreement to Acquire Bowong Technology

SHANGHAI, Oct. 18, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with the minimum bid price of $1.00 per share requirement under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) and the minimum market value of listed securities of $35 million requirement under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”), and had failed to regain compliance with the Bid Price Rule and the MVLS Rule during the extension period which ended on October 14, 2024. The Company has until October 22, 2024 to request a hearing before the Nasdaq Hearings Panel (the “Panel”),which it currently intends to do. If the Company does not request a hearing before the Panel by that date, trading in its Class A ordinary shares and warrants will be suspended at the opening of business on October 24, 2024 and a Form 25-NSE will be filed with the Securities and Exchange Commission (“SEC”) removing the securities from listing and registration on Nasdaq. In the event the Company's securities are delisted from Nasdaq, its securities are expected to trade over-the-counter.

MultiMetaVerse Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price and Minimum Market Value of Listed Securities

SHANGHAI, Oct. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (“MMV” or the “Company”), a leading animation and entertainment company for young consumers in China, today announced that it has entered into a non-binding term sheet (the “Term Sheet”) with Bowong Technology (Shenzhen) Co., Ltd. (the “Bowong Technology”) to acquire all of the shares of Bowong Technology.

MultiMetaVerse Holdings Limited Announces Signing of Term Sheet with Bowong Technology

SHANGHAI, Aug. 28, 2024 /PRNewswire/ -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) ("MMV" or the "Company"), a leading animation and entertainment company for young consumers in China, today announced the establishment of a new joint venture, GOLD ABC DIGITAL TECHNOLOGY CO., LIMITED ("GOLD ABC"), and its initial strategic investments.

MultiMetaVerse Holdings Limited Announces Establishment of Joint Venture

SHANGHAI , July 8, 2024 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), a leading animation and entertainment company for young consumers in China, announced today that it has entered into an agreement (the "Agreement") with Zhenghe Holding Co., Limited ("Zhenghe") to establish a joint venture ("Joint Venture") to invest in and trade alternative assets with the assistance of quantitative investment algorithms to be jointly developed by the parties. Pursuant to the Agreement, Zhenghe will own 80% of the new Joint Venture and responsible for its daily management and operation.

MultiMetaVerse Enters into an Agreement to Establish a Joint Venture for Fintech Business

One of today's biggest market movers is a little-known penny stock that is experiencing astronomical gains. MultiMetaVerse (NASDAQ: MMV ) has surged more than 125% in just a few hours of trading.

MMV Stock: 7 Things to Know About MultiMetaVerse as Shares Rocket

SHANGHAI , May 20, 2024 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), a leading animation and entertainment company for young consumers in China, announced today that it has entered into a non-binding term sheet (the "Term Sheet") for the acquisition (the "Proposed Transaction") of 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries (collectively "Bowong AI") by the issuance of the Company's Class A ordinary shares to the shareholders of Bowong AI as consideration (the "Consideration Shares"), the amount of which will be determined  based on further due diligence and negotiation.

MultiMetaVerse Signs Term Sheet to Acquire Innovative E-Commerce Service Provider Bowong AI

MultiMetaVerse (NASDAQ: MMV ) stock is on the rise Monday despite a lack of news from the Chinese animation and entertainment company. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is up today.

Why Is MultiMetaVerse (MMV) Stock Up 105% Today?

SHANGHAI , Dec. 26, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers in China, announced today that its Board of Directors has unanimously approved the release of all the Restricted Closing Payment Shares (as defined hereinafter), with an aggregate 5,000,000 Class A ordinary shares of the Company, in connection with the business combination completed on January 4, 2023 (the "Business Combination"). Pursuant to the share restriction agreements between the Company and each of Avatar Group Holdings Limited ("Avatar"), Lucky Cookie Holdings Limited ("Lucky Cookie") and F.L.M Holdings Limited ("F.L.M") (each a "Restricted Shareholder"; collectively the "Restricted Shareholders"), respectively ( "Share Restriction Agreements"), MMV and each of the Restricted Shareholders agreed that 1,252,374 Class A ordinary shares issued to Lucky Cookie, 3,162,072 Class A ordinary shares issued to Avatar and 585,554 Class A ordinary shares issued to F.L.M, or 5,000,000 Class A ordinary shares in total, in connection with the Business Combination (collectively, "Restricted Closing Payment Shares") shall be released upon the satisfaction of the Release Event (defined below) within 12 months following the closing of the Business Combination.

MultiMetaVerse Announces Release of Restricted Closing Payment Shares

NEW YORK and SHANGHAI , Dec. 19, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company", collectively with its subsidiaries and consolidated variable interest entities, the "Group") (NASDAQ: MMV), an animation and entertainment company for young consumers in China, today announced its unaudited 2023 half year financial results. 2023 Half Year Highlights: Business combination among Model Performance Acquisition Corp., the Company, Model Performance Mini Sub Corp. and MultiMetaVerse Inc. (the "Business Combination"), pursuant to the terms of the merger agreement dated as of August 6, 2021, was consummated on January 4, 2023.

MultiMetaVerse Holdings Limited Announces 2023 Unaudited Half Year Financial Results

NEW YORK and SHANGHAI, Nov. 29, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers in China, announced today that it has received a letter of termination with respect to MMV's contemplated acquisition of Taomee (the "Letter of Termination"). On September 15, 2023, MMV announced that it had entered into an acquisition agreement (the "Agreement") to acquire 100% equity in Shanghai Shengran Information Technology Co., Ltd.

MultiMetaVerse Announces Updates of the Taomee Acqusition and Termination of Prior Acquisition Agreement

SHANGHAI , Oct. 16, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers in China, announced today that it has received a letter of approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") on October 13, 2023 for its application to transfer the listing of its class A ordinary shares and warrants. The Company previously submitted an application to Nasdaq to transfer the listing of its class A ordinary shares and warrants from the Nasdaq Global Market to the Nasdaq Capital Market.

MultiMetaVerse Announces Listing Transfer to Nasdaq Capital Market

NEW YORK and SHANGHAI , Sept. 15, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV"), an animation and entertainment company catering to China's youth market, announced today that it has, through its subsidiary in China, entered into an agreement (the "Agreement") to acquire 100% equity in Shanghai Shengran Information Technology Co., Ltd.

MultiMetaVerse Holdings Limited (Nasdaq: MMV) Enters Into Agreement To Acquire Taomee

NEW YORK and SHANGHAI , Sept. 12, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited (the "Company"), an animation and entertainment company for young consumers in China, announced today that it has entered into a series of debt transfer agreements and debt conversion agreements with Gaea Holdings Inc. ("Gaea"), controlled by Mr.

MultiMetaVerse Holdings Limited (Nasdaq: MMV) Enters Into Debt Conversion Agreement with Gaea, and Term Sheets With PIPE Investors

SHANGHAI , Aug. 3, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited (the "Company"), an animation and entertainment company for young consumers in China, announced today that it has received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") dated July 26, 2023, notifying the Company that it is not in compliance with the minimum market value of publicly held shares ("MVPHS") requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5550(b)(2) requires companies to maintain a minimum MVPHS of US$15 million and Nasdaq Listing Rule 5810(c)(3)(D) provides that the failure to meet the minimum MVPHS requirement exists if the deficiency continues for a period of 30 consecutive business days.

MultiMetaVerse Holdings Limited Receives Nasdaq Notification Regarding Minimum Market Value Deficiency

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One Chinese penny stock is making significant waves today. MultiMetaVerse (NASDAQ: MMV ) operates as an entertainment technology company and the firm hasn't done much recently.

Why Is MultiMetaVerse (MMV) Stock Up 200% Today?

SHANGHAI , June 2, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers in China, announced today that it has entered into a non-binding term sheet (the "Term Sheet") with Dongzheng Ruibo (Shanghai) Investment Center (Limited Partnership) and Orient TM Ruibo Limited (each a "Seller", and collectively, the "Sellers"). The Term Sheet updates certain terms regarding the proposed acquisition (the "Proposed Transaction") of equity stake in Taomee group (the "Target Group") by the Company and/or is affiliates, following the Company's earlier announcement, dated January 12, 2023, of its entering of the letter of intent with Orient TM Ruibo Limited.

MultiMetaVerse Announces Term Sheet Signed to Acquire Equity Stake in Taomee

MultiMetaVerse (NASDAQ: MMV ) stock closed higher by 30% today after the company announced that it had signed a non-binding letter of intent (LOI) with Orient TM Ruibo. The letter details that MultiMetaVerse plans on acquiring a 72.81% equity stake in Orient TM Ruibo, which is the parent company of family-oriented Chinese entertainment company Taomee.

5 Investors Betting Big on MultiMetaVerse (MMV) Stock

A China-based business, MultiMetaVerse (NASDAQ: MMV ), is making waves in the U.S. financial markets today. MMV stock soared this morning on a notable news item.

Why Is MultiMetaVerse (MMV) Stock Up 40% Today?

NEW YORK and SHANGHAI , Jan. 12, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers in China, today announced that it has entered into a non-binding letter of intent (the "Letter of Intent") with Orient TM Ruibo Limited (the "TM Ruibo"). In accordance with the Letter of Intent, the Company and/or its affiliates intends to acquire a 72.81% equity stake in Orient TM Parent Limited ("Orient TM," collectively with the entities directly or indirectly controlled by Orient TM, "Taomee").

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