Mmtec, inc. announces receipt of nasdaq notification regarding minimum bid price deficiency

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").
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