MMTEC, Inc. Faces Nasdaq Delisting Over Minimum Bid Price Issues
On October 28, 2025, MMTEC, Inc. (NASDAQ: MTC), a technology enterprise headquartered in Hong Kong, disclosed in a press release that it has been informed by the Listings Qualifications Department of The Nasdaq Stock Market regarding its failure to fulfill the minimum bid price requirement necessary for continued listing on the stock exchange. According to the Determination Letter received on October 27, 2025, MMTEC's closing bid price per share has remained below the threshold of $1.00 for a consecutive period of 30 business days, which is a violation of Nasdaq Listing Rule 5550(a)(2), commonly referred to as the Bid Price Rule.
Adding to the difficulties, MMTEC had executed a one-for-eight reverse stock split on December 18, 2024. This action disqualified the Company from the 180-calendar day compliance grace period generally allowed under Nasdaq Listing Rule 5810(c)(3)(A) to remedy the bid price deficiency. Therefore, Nasdaq has determined to proceed with the delisting of MMTEC's securities from The Nasdaq Capital Market, a process that could affect investor dealings and market perception significantly.
Despite this impending delisting, the Determination Letter does not hold any immediate consequences for the trading of MMTEC's shares on Nasdaq. However, the Company faces a crucial deadline; unless it formally requests an appeal by November 3, 2025, trading of its securities will be halted at the business day's commencement on November 5, 2025. Furthermore, the Company is expected to file a Form 25-NSE with the Securities and Exchange Commission (SEC), marking the removal of its securities from Nasdaq, if it does not initiate an appeal.
MMTEC currently retains the option to appeal the Nasdaq decision and can request a hearing before a Nasdaq Hearings Panel, which would delay any trading suspension until a decision is made by the Panel. As of now, the Company is actively reviewing the Nasdaq determination and weighing its options, indicating a strong intention to appeal the ruling. However, the management has cautioned that while they plan to seek an appeal, there are no guarantees that the appeal will be successful, nor is there assurance that the Company will subsequently meet the required listing standards once again.
This announcement, made under Nasdaq Listing Rule 5810(b), delineates the requirement for timely disclosure when a company receives a delisting determination. MMTEC, which is primarily focused on investment banking and asset management services, aims to provide comprehensive financial solutions, reflecting its commitment to nurture strengths in the investment landscape.
For stakeholders interested in the future trajectory of MMTEC, it is essential to remain informed about the developments surrounding this issue. With the prospect of appealing the delisting decision, the company's forthcoming actions and overall market strategy will be critical in shaping its position in the financial markets moving forward. The press release serves as a reminder that engagement with regulatory compliance is vital for sustaining listings on stock exchanges and that failing to do so can lead to significant repercussions, including delisting and loss of investor confidence. The overall atmosphere at MMTEC may hinge on the upcoming decisions and their implications for its ongoing business operations and stock market performance.
For more details, visit MMTEC's official website at www.haisc.com.
Adding to the difficulties, MMTEC had executed a one-for-eight reverse stock split on December 18, 2024. This action disqualified the Company from the 180-calendar day compliance grace period generally allowed under Nasdaq Listing Rule 5810(c)(3)(A) to remedy the bid price deficiency. Therefore, Nasdaq has determined to proceed with the delisting of MMTEC's securities from The Nasdaq Capital Market, a process that could affect investor dealings and market perception significantly.
Despite this impending delisting, the Determination Letter does not hold any immediate consequences for the trading of MMTEC's shares on Nasdaq. However, the Company faces a crucial deadline; unless it formally requests an appeal by November 3, 2025, trading of its securities will be halted at the business day's commencement on November 5, 2025. Furthermore, the Company is expected to file a Form 25-NSE with the Securities and Exchange Commission (SEC), marking the removal of its securities from Nasdaq, if it does not initiate an appeal.
MMTEC currently retains the option to appeal the Nasdaq decision and can request a hearing before a Nasdaq Hearings Panel, which would delay any trading suspension until a decision is made by the Panel. As of now, the Company is actively reviewing the Nasdaq determination and weighing its options, indicating a strong intention to appeal the ruling. However, the management has cautioned that while they plan to seek an appeal, there are no guarantees that the appeal will be successful, nor is there assurance that the Company will subsequently meet the required listing standards once again.
This announcement, made under Nasdaq Listing Rule 5810(b), delineates the requirement for timely disclosure when a company receives a delisting determination. MMTEC, which is primarily focused on investment banking and asset management services, aims to provide comprehensive financial solutions, reflecting its commitment to nurture strengths in the investment landscape.
For stakeholders interested in the future trajectory of MMTEC, it is essential to remain informed about the developments surrounding this issue. With the prospect of appealing the delisting decision, the company's forthcoming actions and overall market strategy will be critical in shaping its position in the financial markets moving forward. The press release serves as a reminder that engagement with regulatory compliance is vital for sustaining listings on stock exchanges and that failing to do so can lead to significant repercussions, including delisting and loss of investor confidence. The overall atmosphere at MMTEC may hinge on the upcoming decisions and their implications for its ongoing business operations and stock market performance.
For more details, visit MMTEC's official website at www.haisc.com.
Topics Financial Services & Investing）
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