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MMTec, Inc. Regains Nasdaq Compliance: Form 6-K Report Overview

$MTC
Form 6-K
Filed on: 2025-01-06
Source
MMTec, Inc. Regains Nasdaq Compliance: Form 6-K Report Overview

Here are the key insights extracted from the financial report:

  1. Company Information:
  • Name: MMTec, Inc.
  • Principal Executive Office Address:
    • Room 2302, 23rd Floor
    • FWD Financial Center
    • 308 Des Voeux Road Central
    • Sheung Wan, Hong Kong
  • Contact Number: + 852 36908356
  1. Filing Type:
  • This is a Form 6-K, which is typically used by foreign private issuers to report significant events and updates to the SEC.
  1. Compliance Notification:
  • Date of Notification: Received a deficiency letter from Nasdaq on July 8, 2024, indicating non-compliance with Nasdaq Rule 5550(a)(2) due to the closing bid price being below $1.00 for 30 consecutive business days.
  • Compliance Period: The company was provided a compliance period of 180 calendar days, ending on January 6, 2025.
  • Outcome: On January 6, 2025, MMTec received notification from Nasdaq confirming that for the 10 consecutive business days from December 18, 2024, to January 3, 2025, the bid price was equal to or greater than the $1.00 minimum requirement. Thus, the company has regained compliance with the Bid Price Rule.
  1. Signatures:
  • The report is signed by Min Kong, who is the Chief Financial Officer of MMTec, Inc.
  1. Regulatory Context:
  • The filing is made pursuant to the Securities Exchange Act of 1934, indicating compliance with regulations surrounding foreign private issuers.

This information indicates that MMTec, Inc. has successfully addressed a compliance issue regarding its stock price and is back in good standing with Nasdaq.