MMTec Faces Nasdaq Minimum Bid Price Challenge

MMTec (MTC) has released an update.

MMTec, Inc., a China-based tech firm, has been notified by Nasdaq of a minimum bid price deficiency, as its stock price has fallen below the required $1.00 threshold for 30 consecutive days. The company has until January 6, 2025, to regain compliance, with the possibility of an additional 180-day grace period if necessary measures, such as a reverse stock split, are taken. MMTEC is considering options to address the issue but there is no certainty of compliance achievement.

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