MMTEC, Inc. Receives Nasdaq Delisting Determination

MMTEC, Inc. (NASDAQ: MTC) announced on October 28, 2025, that it received a determination letter from Nasdaq regarding its failure to meet the minimum bid price requirement of $1.00 per share for the last 30 consecutive business days. Due to a previous reverse stock split, the company is not eligible for the standard 180-day compliance period. Nasdaq has decided to delist MMTEC's securities from the Nasdaq Capital Market. Trading will be suspended on November 5, 2025, unless the company appeals the decision by November 3, 2025. MMTEC is currently evaluating its options and intends to appeal, though there is no guarantee of success. The company is headquartered in Hong Kong and focuses on investment banking and asset management.