UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2023
Commission File Number: 001- 38766
MMTEC, INC.
(Translation of registrant’s name into English)
Room 2302, 23rd Floor
FWD Financial Center
308 Des Voeux Road Central
Sheung Wan, Hong Kong
Tel: + 852 36908356
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Receipt of Nasdaq Notification Regarding Compliance with Nasdaq Minimum Bid Price Requirement
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. In accordance with the Nasdaq Listing Rules, the Company was provided a compliance period of 180 calendar days, or until December 26, 2023, to regain compliance with the Bid Price Rule.
On November 7, 2023, the Company received a written notification from the Staff of Nasdaq, notifying the Company that for the preceding 16 consecutive business days, from October 16, 2023 to November 6, 2023, the closing bid price of the Company’s common stock was equal to or greater than the $1.00 per share minimum requirement. Accordingly, the Company has regained compliance with the Bid Price Rule and the matter is closed.
On November 8, 2023, the Company issued a press release announcing compliance with the Nasdaq minimum bid price requirement. A copy of the press release is filed as Exhibit 99.1 to this current report on Form 6-K.
Exhibit Index
| No. | Description | |
| 99.1 | Press Release – MMTec, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: November 8, 2023
| MMTec, Inc. | ||
| By: | /s/ Min Kong | |
| Name: | Min Kong | |
| Title: | Chief Financial Officer | |
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