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MMTec Faces Nasdaq Minimum Bid Price Challenge
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MMTec Faces Nasdaq Minimum Bid Price Challenge

MMTec (MTC) has released an update.

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MMTec, Inc., a China-based tech firm, has been notified by Nasdaq of a minimum bid price deficiency, as its stock price has fallen below the required $1.00 threshold for 30 consecutive days. The company has until January 6, 2025, to regain compliance, with the possibility of an additional 180-day grace period if necessary measures, such as a reverse stock split, are taken. MMTEC is considering options to address the issue but there is no certainty of compliance achievement.

For further insights into MTC stock, check out TipRanks’ Stock Analysis page.

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