Mmtec Inc

MMTec, Inc. is engaged in the provision of internet-based technology services and solutions to the Chinese language speaking hedge and mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms involving in securities market transactions and settlements. It operates through the following segments: Gujia, MM Future, HC Securities and MMBD Advisory, and MM Global. The Gujia, MM Future, HC Securities and MMBD Advisory segment provide market data services and fund management services. The MM Global segment operates as an introducing broker that clears all transactions through a clearing broker dealer. The company was founded on January 4, 2018 and is headquartered in Beijing, China.

MMTec, Inc. engages in the holding of equity interest in MM Future. It operates through the following segments: Gujia, MM Future, HC Securities and MMBD Advisory, and MM Global. The Gujia, MM Future, HC Securities and MMBD Advisory segment provide market data services and fund management services. The MM Global segment operates as an introducing broker that clears all transactions through a clearing broker dealer. The company was founded on January 4, 2018 and is headquartered in Beijing, China.

HONG KONG , July 10, 2024 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China-based technology company that provides access to the U.S. financial markets, today announced that on July 8, 2024, the Company received a notification letter (the "Notification Letter") from the Listings Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") regarding a failure to meet Nasdaq's minimum bid price requirements. The Notification Letter advised that for the last 30 consecutive business the minimum closing bid price per share for the Company's common stock was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule").

MMTEC, Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

HONG KONG , May 8, 2024 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (Nasdaq: MTC), announced that it will suspend the acceptance of new investments and pause the Company's capital raising activities for the next six months. In light of the Company's current capital position, combined with a comprehensive assessment of the current market environment and our business operations, our management team has decided to suspend the Company's financing plans for the next six months.

MMTEC, INC. ANNOUNCES A PAUSE ON FINANCING ACTIVITIES IN THE NEXT SIX MONTHS

HONG KONG , Nov. 8, 2023 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China-based technology company that provides access to the U.S. financial markets, today announced that the Company received a notification letter (the "Notification Letter") from the Listings Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and that the matter is closed. As previously disclosed, MMTec, Inc. (the "Company"), received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") on June 27, 2023, indicating that the Company was not in compliance with Nasdaq Rule 5550(a)(2) (the "Bid Price Rule"), as the closing bid price for the Company's common stock had been below $1.00 per share for the preceding 30 consecutive business days.

MMTEC, Inc. Regains Compliance with Nasdaq Minimum Bid Price Deficiency

HONG KONG, Oct. 13, 2023 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China-based technology company that provides access to the U.S. financial markets, today announced that it will hold its 2023 annual meeting of shareholders (the "2023 Annual Meeting") at its principal executive offices at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong, on November 10, 2023, at 9:00 a.m. local China time (or 8:00 p.m.

MMTEC, INC. TO HOLD ITS 2023 ANNUAL MEETING OF SHAREHOLDERS ON NOVEMBER 10, 2023

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Shares of Chinese small cap MMTec Inc. MTC, -15.03% rose 9% in premarket trades Monday. The stock ended Friday's session down 15%, outpacing the S&P 500 index's SPX, -0.14% decline of 0.1%.

Chinese small cap MMTec's stock rallies 9% premarket

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MMTEC (NASDAQ: MTC ) stock is taking off on Thursday without any clear news from the internet-based technology services and solutions company. There's no news directly from the company this morning that explains the rally.

Why Is MMTEC (MTC) Stock Up 59% Today?

BEIJING , Oct. 28, 2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (Nasdaq: MTC) filed an Amended and Restated Memorandum and Articles of Association with the Registrar of Corporate Affairs of the British Virgin Islands to increase the maximum number of shares that the Company is authorized to issue from 50,000,000 to 5,000,000,000. This change to the Company's authorized capital became effective upon the Registrar of Corporate Affairs's acceptance of the Amended and Restated Memorandum and Articles of Association on October 26, 2022.

MMTEC, Inc. Announces Amendment to Memorandum and Articles of Association

BEIJING , Sept. 9, 2022 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China based technology company that provides access to the U.S. financial markets, today announced its unaudited financial results for the six months ended June 30, 2022.

MMTEC, Inc. Announces Half Year 2022 Unaudited Financial Results

BEIJING , Aug. 10, 2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (Nasdaq: MTC) entered into a common stock purchase agreement (the "Purchase Agreement"), with VG Master Fund SPC ("Investor"), under which, subject to specified terms and conditions, the Company may sell to Investor up to $6.0 million of shares of common stock, par value $0.01 per share, from time to time during the term of the Purchase Agreement. Additionally, on August 10, 2022, the Company entered into a registration rights agreement (the "Registration Rights Agreement") with Investor, pursuant to which the Company agreed to file a prospectus supplement with the Securities and Exchange Commission (the "SEC"), covering the common stock issued to Investor under the Purchase Agreement.

MMTEC, Inc. Announces $6 Million Equity Line Financing

BEIJING , July 28, 2022 /PRNewswire/ -- MMTEC, Inc. (NASDAQ Capital Market: MTC) ("MMTEC" or the "Company"), a China-based technology company that provides access to the U.S. financial markets, today announced that that on July 27, 2022, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). The Company regained compliance with NASDAQ's requirements when the closing bid price for the Company's common stock was at or above $1.00 for 10 consecutive business days and the matter is now closed.

MMTEC, Inc. Regains Compliance with NASDAQ Minimum Bid Price Requirement

BEIJING , July 7, 2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (Nasdaq: MTC) reported that it expects to implement a 1-for-10 reverse stock split on its common stock. The effective date is scheduled to be Wednesday, July 13, 2022, subject to the Company's satisfaction of Nasdaq Operations notice requirements, with trading to begin on a split-adjusted basis at the market open on that day.

MMTEC, Inc. Announces 1-for-10 Reverse Stock Split

BEIJING, Dec. 20, 2021 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China-based technology company that provides access to the U.S. financial markets, today announced that on December 20, 2021, it had entered into a Securities Purchase Agreement (the "Purchase Agreement") with a single investor (the "Investor") pursuant to which the Investor will make a  $2.0 million investment in the Company in a Regulation S private placement.  Under the terms of the Purchase Agreement, the Investor will purchase 5,000,000 common shares of the Company at a purchase price of $0.40 per share.

MMTEC, Inc. Announces Entry Into Agreement for a $2.0 million Private Placement

BEIJING, Sept. 30, 2021 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China based technology company that provides access to the U.S. financial markets, today announced its unaudited financial results for the six months ended June 30, 2021.

MMTEC, Inc. Announces Half Year 2021 Unaudited Financial Results

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BEIJING, April 23, 2021 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China based technology company that provides access to the U.S. financial markets, today announced its financial results for the year ended December 31, 2020. Comparison of Results of Operations for the Years Ended December 31, 2020 and 2019.

MMTEC, Inc. Announces 2020 Year-End Financial Results

The stock price of MMTec Inc (NASDAQ: MTC) is trading at over 80% pre-market. This is why it happened.

MTC Stock Price Increases Over 50% Pre-Market: Why It Happened

Mmtec, Inc (MTC) is soaring higher on Wednesday with incredibly heavy trading taking place despite a lack of news about the company. The post Mmtec, Inc: 9 Things for MTC Stock Investors to Know About the Company as it Soars 80%+ Today appeared first on InvestorPlace.

Mmtec, Inc: 9 Things for MTC Stock Investors to Know About the Company as it Soars 80%+ Today

BEIJING, Oct. 15, 2020 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China based technology company that provides access to the U.S. financial markets, today announced its unaudited financial results for the six months ended June 30, 2020. First Half...

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