UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2023
Commission File Number: 001- 38766
MMTEC, INC.
(Translation of registrant’s name into English)
Room 2302, 23rd Floor
FWD Financial Center
308 Des Voeux Road
Central
Sheung Wan, Hong Kong
Tel: + 852 36908356
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Receipt of Nasdaq Notification
Regarding Compliance with Nasdaq Minimum Bid Price Requirement
As previously disclosed, MMTec,
Inc. (the “Company”), received a deficiency letter from the Listing Qualifications Department (the “Staff”) of
the Nasdaq Stock Market LLC (“Nasdaq”) on June 27, 2023, indicating that the Company was not in compliance with Nasdaq Rule
5550(a)(2) (the “Bid Price Rule”), as the closing bid price for the Company’s common stock had been below $1.00 per
share for the preceding 30 consecutive business days. In accordance with the Nasdaq Listing Rules, the Company was provided a compliance
period of 180 calendar days, or until December 26, 2023, to regain compliance with the Bid Price Rule.
On November 7, 2023, the Company
received a written notification from the Staff of Nasdaq, notifying the Company that for the preceding 16 consecutive business days, from
October 16, 2023 to November 6, 2023, the closing bid price of the Company’s common stock was equal to or greater than the $1.00
per share minimum requirement. Accordingly, the Company has regained compliance with the Bid Price Rule and the matter is closed.
On November 8, 2023, the Company
issued a press release announcing compliance with the Nasdaq minimum bid price requirement. A copy of the press release is filed as Exhibit
99.1 to this current report on Form 6-K.
Exhibit Index
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Dated: November 8, 2023
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MMTec, Inc. |
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By: |
/s/ Min Kong |
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Name: |
Min Kong |
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Title: |
Chief Financial Officer |
2
Exhibit 99.1
MMTEC, Inc. Regains Compliance with Nasdaq
Minimum Bid Price Deficiency
HONG KONG, November 8, 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 the Company received a notification letter (the “Notification
Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company
that it has regained compliance with the Nasdaq’s minimum bid price requirement and that the matter is closed.
As previously disclosed, MMTec, Inc. (the “Company”),
received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”)
on June 27, 2023, indicating that the Company was not in compliance with Nasdaq Rule 5550(a)(2) (the “Bid Price Rule”), as
the closing bid price for the Company’s common stock had been below $1.00 per share for the preceding 30 consecutive business days.
In accordance with the Nasdaq Listing Rules, the Company was provided a compliance period of 180 calendar days, or until December 26,
2023, to regain compliance with the Bid Price Rule.
On November 7, 2023, the Company received a written
notification from the Staff of Nasdaq, notifying the Company that for the preceding 16 consecutive business days, from October 16, 2023
to November 6, 2023, the closing bid price of the Company’s common stock was equal to or greater than the $1.00 per share minimum
requirement. Accordingly, the Company has regained compliance with the Bid Price Rule and the matter is closed.
About MMTEC, Inc.
Headquartered in Hong Kong Special Administrative
Region, our Company mainly focuses on investment banking and asset management business, providing customers with one-stop and all-round
financial services.
More information about the Company can be found
at: www.haisc.com.
Forward-Looking Statements
This press release contains forward-looking statements
as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical
facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”,
“expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate
solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its continued
growth, business outlook, and other similar statements are forward-looking statements. Forward-looking statements are not guarantees of
future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s
expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited
to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand
and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other
risks contained in reports filed by the Company with the Securities and Exchange Commission, including the Company’s most recently
filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with
the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
CONTACT: Jessie Chang, jessie@haisc.com, +86 10
5617 2312
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