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MMTec ( (MTC) ) has provided an announcement.
MMTec, Inc., a company based in the British Virgin Islands, has announced an extension to its Senior Convertible Promissory Notes issued to ResBoom Investments Inc. The maturity date of these notes has been extended to March 31, 2029, and the interest rate has been reduced to 2% per annum. This strategic move likely aims to improve financial flexibility and reduce financial obligations, potentially impacting their financial stability and stakeholder relations positively.
More about MMTec
YTD Price Performance: -80.25%
Average Trading Volume: 776,520
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $39.33M
See more insights into MTC stock on TipRanks’ Stock Analysis page.