Mmtec, Inc., together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements in the People's Republic of China. The company operates in two segments, Gujia and MM Global Capital, and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, such as securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web. The company enables its customers to white label its trading interface, as well as select modular functionalities. It serves hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms. The company was founded in 2015 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2019
Exchange: NASDAQ
Website: 51mm.com
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6-K - MMTec, Inc. (0001742518) (Filer)
6-K/A - MMTec, Inc. (0001742518) (Filer)
6-K - MMTec, Inc. (0001742518) (Filer)
6-K - MMTec, Inc. (0001742518) (Filer)
6-K - MMTec, Inc. (0001742518) (Filer)
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, 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
LAS VEGAS, NV / ACCESSWIRE / April 29, 2024 / Planet MicroCap presents the Planet MicroCap Showcase: VEGAS taking place on April 30 - May 2, 2024, where 96 MicroCap public and private companies will be presenting at the Paris Hotel & Casino in Las Vegas, NV.Event website: https://planetmicrocapshowcase.comThe Planet MicroCap Showcase begins on Tuesday, April 30, 2024 with the "MicroCap Investing Workshop" starting at 12:00pm PST and featuring well-known financial influencers, investors, fund managers, and key opinion leaders, followed by 96 MicroCap public and private company presentations on Wednesday, May 1, 2024, and 1x1 meetings on Thursday, May 2, 2024.If you would like to attend and pa
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
HONG KONG, Oct. 13, 2023 /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 it will hold its 2023 annual meeting of shareholders (the "2023 Annual Meeting") at its principal executive offices at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong, on November 10, 2023, at 9:00 a.m. local China time (or 8:00 p.m. Eastern Standard Time). The Company's board of directors fixed the close of business on October 10, 2023, as the record date for shareholders entitled to receive notice and to vote at the 2023 Annual Meetin
BEIJING, June 28, 2023 /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 June 27, 2023, 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 informed the Company that the minimum closing bid price per share for its common stock was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set
BEIJING, March 6, 2023 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (NASDAQ:MTC) announced that commencing March 6, 2023, the Company will relocate its operations from Beijing to Hong Kong Special Administrative Region. The Company's subsidiary, MM Future Technology Limited, a Hong Kong incorporated limited company, will assume all operations previously performed by the Company's subsidiary, Gujia (Beijing) Technology Co., Ltd. ("Gujia"). Gujia will continue to perform certain the technical research & development. Through its subsidiary, HC Securities (HK) Limited, a Hong Kong incorporated limited company, and other Company entities, the Company will continue to invest human resour
BEIJING, Oct. 28, 2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (NASDAQ:MTC) filed an Amended and Restated Memorandum and Articles of Association with the Registrar of Corporate Affairs of the British Virgin Islands to increase the maximum number of shares that the Company is authorized to issue from 50,000,000 to 5,000,000,000. This change to the Company's authorized capital became effective upon the Registrar of Corporate Affairs's acceptance of the Amended and Restated Memorandum and Articles of Association on October 26, 2022. About MMTEC, Inc. Headquartered in Beijing, China, our Company mainly focuses on investment banking and asset management business, providing customer
BEIJING, Sept. 9, 2022 /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 unaudited financial results for the six months ended June 30, 2022. First Half 2022 Summary Revenues increased by 44.64% from $507,048 to $733,400 as a result of the increase in software sales revenue during the six months ended June 30, 2022.Gross profit increased by 41.53% to $622,910 as compared to $440,140 for the same period in 2021, while the gross profit margin was 84.93%, as compared to 86.80% for the same period in 2021.Loss from operations was $2,927,617 for the six months en
BEIJING, Aug. 10, 2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (NASDAQ:MTC) entered into a common stock purchase agreement (the "Purchase Agreement"), with VG Master Fund SPC ("Investor"), under which, subject to specified terms and conditions, the Company may sell to Investor up to $6.0 million of shares of common stock, par value $0.01 per share, from time to time during the term of the Purchase Agreement. Additionally, on August 10, 2022, the Company entered into a registration rights agreement (the "Registration Rights Agreement") with Investor, pursuant to which the Company agreed to file a prospectus supplement with the Securities and Exchange Commission (the "SEC"), cov
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