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6-K - MMTec, Inc. (0001742518) (Filer)
6-K - MMTec, Inc. (0001742518) (Filer)
6-K - MMTec, Inc. (0001742518) (Filer)
HONG KONG, Nov. 17, 2023 /PRNewswire/ -- First Half Year of 2023 Financial Highlights Revenues increased by 289.48% from approximately $0.73 million to approximately $2.86 million as a result of the acquisition of Alpha Mind Technology Limited, an insurance agency and insurance technology company ("Alpha Mind"), during the six months ended June 30, 2023.Gross profit decreased by 79.64% to approximately $0.13 million as compared to approximately $0.62 million for the same period in 2022, while the gross profit margin was 4.44%, as compared to 84.93% for the same period in 2022. Alpha Mind has a relatively lower gross profit margin, since it mainly collects commission from selling insurance
BEIJING, April 23, 2021 /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 its financial results for the year ended December 31, 2020. Comparison of Results of Operations for the Years Ended December 31, 2020 and 2019. Revenue. Revenues increased from $200,797 in 2019 to $742,125 in 2020. For the years ended December 31, 2020 and 2019, we had revenue from performing market data services for our customer of $73,524 and $75,044, respectively. As a result of strategy adjustment, our Company had investor relations management services revenue of $21,113 and $86,788 f
HONG KONG, Dec. 12, 2024 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (NASDAQ:MTC) reported that it expects to implement a 1-for-8 reverse stock split on its common stock. The effective date is scheduled to be December 18, 2024, subject to the Company's satisfaction of Nasdaq Operations notice requirements, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol "MTC". The new CUSIP number for the common stock following the reverse stock split will be G6181K122. In the event that the effective date is delayed, the Company will update the effective date via a subsequent pres
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
HONG KONG, May 8, 2024 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (NASDAQ:MTC), announced that it will suspend the acceptance of new investments and pause the Company's capital raising activities for the next six months. In light of the Company's current capital position, combined with a comprehensive assessment of the current market environment and our business operations, our management team has decided to suspend the Company's financing plans for the next six months. During this period, the Company will neither seek nor accept new investments. This decision aims to optimize our strategic layout, rationalize the allocation of resources, and adjust our operational strategy to i
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SC 13G/A - MMTec, Inc. (0001742518) (Subject)
SC 13G/A - MMTec, Inc. (0001742518) (Subject)
SC 13G - MMTec, Inc. (0001742518) (Subject)