MMTEC, Inc. Announces Receipt Of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Happy Mohamed
MMTEC, Inc. (NASDAQ:MTC) has received a notification from Nasdaq regarding its failure to meet the minimum bid price requirements. The company's common stock was below $1.00 for 30 consecutive business days, which is against Nasdaq's Listing Rule 5550(a)(2). The notification has no immediate effect on the listing or trading of the company's common stock on the Nasdaq Capital Market.
June 28, 2023 | 1:30 pm
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MMTEC, Inc. has failed to meet Nasdaq's minimum bid price requirements, which could potentially lead to delisting if not rectified. However, there is no immediate effect on the listing or trading of the company's common stock.
Failure to meet Nasdaq's minimum bid price requirements could lead to delisting, which would negatively impact the company's stock. However, the notification has no immediate effect on the listing or trading of the company's common stock, which might mitigate the negative impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100